M&A - Golden Matrix Group, Inc.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-02

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225004316

Filing Summary: This Amendment No. 4 to Schedule 13D reports updates regarding the ownership and voting rights of Aleksandar Milovanovic, Zoran Milosevic, and Snezana Bozovic as they relate to Golden Matrix Group, Inc. The Reporting Persons may be deemed a group, collectively owning 68.9% of the total voting shares, equating to 105,790,540 shares as of May 30, 2025. Key updates include the establishment of the Amended and Restated Voting Agreement (A&R Voting Agreement) which modifies previous agreements regarding Board structure and voting rights. The agreement stipulates the makeup of the Board of Directors and outlines specific voting commitments by the Sellers regarding the Committee's nominees. Additionally, the Reporting Persons have engaged in various transactions involving common stock purchases and conversions of promissory notes into shares. Significant financial arrangements, such as the contingent cash considerations related to the acquisition of MeridianBet Group, are detailed, with provisions for deferred payments and stock conversions outlined. The document highlights the shift in the governance structure following the resignation of board members and ensures continued management participation by the Reporting Persons, particularly Bozovic's role on the Board, indicating a strategic direction focused on continued investment and corporate growth.

Form Type: 10-Q

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225003431

Filing Summary: On April 9, 2024, Golden Matrix Group, Inc. consummated the acquisition of the MeridianBet Group, which involved the purchase of shares of several companies registered in Serbia, Montenegro, Malta, and Cyprus, leading to a reverse merger and recapitalization under U.S. GAAP. As a result, MeridianBet Group became the majority stakeholder with approximately 69.2% ownership, providing them the right to appoint certain board members. The historical asset and liability basis of MeridianBet Group remains unchanged. The report also outlines changes in the company's fiscal year end aligned with MeridianBet Group, now set to December 31 from October 31. The filing reflects ongoing financial and operational assessments, detailing expectations, risks, and strategies moving forward.

Form Type: 8-K

Filing Date: 2025-04-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225002670

Filing Summary: On April 9, 2025, Golden Matrix Group, Inc. entered into a Sixth Amendment to the Amended and Restated Sale and Purchase Agreement of Share Capital with the sellers of Meridian Tech and associated entities, confirming modifications to the Non-Contingent Post-Closing Cash Consideration. This included the payment of $179,540 already made and the conversion of remaining amounts owed into common stock. Specifically, $9,445,460 owed to Milovanović will be converted into 4,843,826 shares at a price of $1.95 per share, while $100,000 owed to Milošević and $25,000 owed to Božović will convert into 50,000 and 12,500 shares, respectively, at $2.00 per share. The remaining amounts due to Milošević and Božović will be settled by October 9, 2025. A press release detailing these conversions was issued on April 14, 2025, which clarified that shares from the Post-Closing Cash Conversion Agreements were in full settlement of the cash amounts due.

Form Type: 10-K

Filing Date: 2025-03-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225001897

Filing Summary: Golden Matrix Group, Inc. filed its Form 10-K for the fiscal year ending December 31, 2024. The document includes a detailed financial overview, discussion of business operations, risk factors, management's discussion and analysis, and executive compensation. As of March 24, 2025, the company had 132,087,080 shares of common stock outstanding. The filing discusses the company's growth strategies and acknowledges significant reliance on further financing to support operations and potential acquisitions, specifically referencing the acquisition of MeridianBet Group. The report highlights potential risks, including market conditions, regulatory compliance, and the importance of maintaining their NASDAQ listing. Additionally, it incorporates portions of the definitive proxy statement for the 2025 Annual Meeting, which outlines executive management and related transactions.