Golden Matrix Group Files 8-K

TL;DR

GMGI filed an 8-K on 7/17 for a 7/15 event, likely financial updates.

AI Summary

Golden Matrix Group, Inc. filed an 8-K on July 17, 2024, reporting an event that occurred on July 15, 2024. The filing is primarily for financial statements and exhibits, with no specific details on the 'Other Events' item provided in the excerpt.

Why It Matters

This filing indicates a regulatory update from Golden Matrix Group, Inc., which may contain important financial information or event disclosures for investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for financial statements and exhibits, with no immediate indication of significant negative events.

Key Numbers

• 001-41326 — SEC File Number (Identifies the company's filing history with the SEC.)
• 46-1814729 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Golden Matrix Group, Inc. (company) — Registrant
• July 15, 2024 (date) — Date of Earliest Event Reported
• July 17, 2024 (date) — Filing Date
• Nevada (jurisdiction) — State of Incorporation
• 3651 Lindell Road, Suite D131 (address) — Principal Executive Offices
• Las Vegas, NV 89103 (address) — Principal Executive Offices Location

FAQ

Key Financial Figures

• $0.00001 — e on which registered Common Stock, $0.00001 Par Value Per Share GMGI The NASDAQ
• $5.0 million — ed a share repurchase program for up to $5.0 million of the currently outstanding shares of

Filing Documents

• gmgi_8k.htm (8-K) — 32KB
• gmgi_ex991.htm (EX-99.1) — 16KB
• 0001477932-24-004255.txt ( ) — 177KB
• gmgi-20240715.xsd (EX-101.SCH) — 6KB
• gmgi-20240715_lab.xml (EX-101.LAB) — 14KB
• gmgi-20240715_cal.xml (EX-101.CAL) — 1KB
• gmgi-20240715_pre.xml (EX-101.PRE) — 9KB
• gmgi-20240715_def.xml (EX-101.DEF) — 2KB
• gmgi_8k_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. On July 15, 2024, the Board of Directors of Golden Matrix Group, Inc. (the " Company ") authorized and approved a share repurchase program for up to $5.0 million of the currently outstanding shares of the Company's common stock. Subject to any future extension in the discretion of the Board of Directors of the Company, the repurchase program is scheduled to expire on July 15, 2025, when a maximum of $5.0 million of the Company's common stock has been repurchased, or when such program is discontinued by the Board of Directors. Under the stock repurchase program, shares may be repurchased from time to time in the open market or through negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases are expected to be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934 (the " Exchange Act ") and other applicable laws and regulations. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares. There is no guarantee as to the exact numb

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated July 17, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) 2

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K and the press release attached as Exhibit 99.1 to this Current Report on Form 8-K, may contain forward-looking information within the meaning of applicable securities laws (" forward-looking statements "). These forward-looking statements represent the Company's current expectations or beliefs concerning future events and can generally be identified using statements that include words such as " estimate, " " expects, " " project, " " believe, " " anticipate, " " intend, " " plan, " " foresee, " " forecast, " " likely, " " will, " " target " or similar words or phrases. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company's control which could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, but not limited to the amount, timing, and sources of funding for the repurchase program. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks relating to the fact that common share repurchases may not be conducted in the timeframe or in the manner the Company expects, or at all. The Company undertakes no obligation to publicly update or revise any of the forward-looking statements, whether because of new information, future events or otherwise, made in the release or presentation or in any of its Securities and Exchange Commission (SEC) filings or public disclosures, except as provided by law. Consequently, you should not consider any such list to be a complete set of all potential risks and uncertainties. More information on potential factors that could affect

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: July 17, 2024 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR