Golden Matrix Group's Form 144 notifies a proposed sale of 20,000 common shares through Edward Jones with an aggregate market value of $28,000. The filing records 138,391,378 shares outstanding and lists Nasdaq as the exchange with an approximate sale date of 08/11/2025. Acquisition history in the filing shows securities acquired on 12/28/2022 (35,023 via stock option exercise), 06/01/2018 (83,400 purchased), and 01/17/2024 (25,000 from stock option). The notice also reports four June 2025 dispositions totaling 20,000 shares with gross proceeds shown for each transaction.
Golden Matrix Group, Inc. (GMGI) – Form 4 filing dated 08/06/25 discloses that CEO, Chairman and 10% owner Anthony Brian Goodman sold 50,000 common shares on 08/04/25 at a volume-weighted average price of $1.49 (range $1.46-$1.54). Following the sale, Mr. Goodman now holds 8,604,079 shares directly.
Separately, Goodman wholly owns Luxor Capital LLC, which continues to hold 7,470,483 shares indirectly. No derivative security activity was reported. The filing was made jointly by Goodman and Luxor Capital.
While the transaction represents a modest reduction—roughly 0.3% of Goodman’s combined direct and indirect position (≈16.1 million shares)—it signals limited but noteworthy insider selling by the company’s top executive.
Golden Matrix Group, Inc. (GMGI) reported mixed second-quarter results driven by post-acquisition scale. Revenue for the three months ended June 30, 2025 increased to $43,245,368 from $39,415,242 a year earlier, and six‑month revenue rose to $85,968,421 from $64,265,829, reflecting contribution from acquisitions and organic growth. Gross profit grew to $24,377,019 in Q2 2025 versus $21,685,542 in Q2 2024.
Despite higher revenue, operating expenses climbed and the company recorded an operating loss of $2,304,850 in Q2 2025 versus operating income of $125,112 in Q2 2024. Net loss attributable to GMGI was $(3,584,345) for Q2 2025 and $(3,815,953) for the six months, versus small profit comparatives in 2024. Cash and cash equivalents declined to $22,136,319 from $30,125,944 at year-end, while total equity increased to $124,982,523. Significant intangible assets and goodwill (goodwill & intangibles net $129,020,486) and elevated amortization ($4,618,020 for six months) materially affect profitability following the Meridian and other acquisitions.