Golden Matrix Group Enters Material Definitive Agreement

Ticker: MRDN · Form: 8-K · Filed: May 20, 2024 · CIK: 1437925

Golden Matrix Group, INC. 8-K Filing Summary
FieldDetail
CompanyGolden Matrix Group, INC. (MRDN)
Form Type8-K
Filed DateMay 20, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$0.00001, $21,600,000, $11 million
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-obligation

Related Tickers: GMGI

TL;DR

GMGI signed a big deal, could be good or bad, need more info.

AI Summary

Golden Matrix Group, Inc. entered into a material definitive agreement on May 16, 2024, which involves a direct financial obligation. The filing does not specify the other party to the agreement or the exact nature of the financial obligation, but it is classified as a significant event requiring immediate disclosure.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Golden Matrix Group, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and financial obligation, but lacks specific details, creating uncertainty about the associated risks.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Golden Matrix Group, Inc.?

The filing states that Golden Matrix Group, Inc. entered into a material definitive agreement, but the specific details of the agreement are not provided in this 8-K filing.

What is the direct financial obligation or off-balance sheet arrangement mentioned in the filing?

The filing confirms the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant, but does not specify the amount or terms.

Who is the other party to the material definitive agreement?

The filing does not disclose the identity of the other party involved in the material definitive agreement.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is May 16, 2024.

What are the main items disclosed in this 8-K filing?

This 8-K filing primarily concerns the entry into a material definitive agreement, the creation of a direct financial obligation or off-balance sheet arrangement, and includes financial statements and exhibits.

Filing Stats: 946 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-05-20 09:20:27

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. The description of the Guaranty Agreement discussed in Item 2.03 below is incorporated by reference into this Item 1.01 in its entirety. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. As previously disclosed in the Current Report on Form 8-K filed by Golden Matrix Group, Inc. (the " Company ", " Golden Matrix ", " we " and " us ") with the Securities and Exchange Commission (the " SEC ") on May 7, 2024 (the " May 7, 2024 Form 8-K "), on May 1, 2024, Meridian Tech Drutvo Sa Ogranienom Odgovornou Beograd, a private limited company formed and registered in and under the laws of the Republic of Serbia (" Meridian Serbia "), which is wholly-owned by Golden Matrix Group Beograd-Novi Beograd (" Golden Matrix Serbia "), which is wholly-owned by the Company, entered into a Facility Agreement dated as of April 30, 2024 (the " Facility Agreement ") with Unicredit Bank Serbia JSC Belgrade (" Unicredit Bank "). Pursuant to the Facility Agreement, and subject to the terms thereof, UniCredit Bank agreed to loan Meridian Serbia up to 2,350,000,000 Serbian dinars (approximately $21,600,000), pursuant to the terms of the Facility Agreement (the " Loan "). Effective on May 16, 2024, Unicredit Bank made the Loan to Meridian Serbia. A total of $11 million of the proceeds from the Loan will be paid to Aleksandar Milovanovi, Zoran Milosevic and Sneana Boovi (collectively, the " Sellers "), pursuant to the terms of that certain Amended and Restated Sale and Purchase Agreement of Share Capital dated June 27, 2023 (as amended from time to time, the " Purchase Agreement ") between the Company and the Sellers. The Loan is secured by a mortgage on substantially all of Meridian Serbian's real estate; a pledge by Golden Matrix Serbia of all of the outstanding capital stock of Meridian Serbia; a pledge by the Company of all of its ownership in Golden Matrix

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description of Exhibit 10.1 Facility Agreement dated April 30, 2024, by and between Unicredit Bank Serbia JSC Belgrade and Meridian Tech Drutvo Sa Ogranienom Odgovornou Beograd (Filed as Exhibit 10.1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on May 7, 2024, and incorporated by reference herein) 10.2* Guaranty Agreement dated May 16, 2024, by Golden Matrix Group, Inc. in favor of Unicredit Bank Serbia JSC Belgrade 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith. 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized. GOLDEN MATRIX GROUP, INC. Date: May 20, 2024 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 3

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