Golden Matrix Group Reports Unregistered Equity Sales
Ticker: MRDN · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1437925
| Field | Detail |
|---|---|
| Company | Golden Matrix Group, INC. (MRDN) |
| Form Type | 8-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, unregistered-securities, filing
TL;DR
GMGI sold unregistered equity, watch for dilution.
AI Summary
Golden Matrix Group, Inc. filed an 8-K on October 15, 2024, reporting unregistered sales of equity securities on October 14, 2024. The filing details the company's principal executive offices located at 3651 Lindell Road, Suite D131, Las Vegas, NV 89103.
Why It Matters
This filing indicates potential dilution for existing shareholders due to the issuance of new equity securities without prior registration.
Risk Assessment
Risk Level: medium — Unregistered sales can signal financial distress or a need for capital, potentially leading to dilution and increased risk for investors.
Key Players & Entities
- Golden Matrix Group, Inc. (company) — Registrant
- October 14, 2024 (date) — Date of earliest event reported
- October 15, 2024 (date) — Filing date
- 3651 Lindell Road, Suite D131, Las Vegas, NV 89103 (location) — Principal executive offices
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the exact type of securities in the provided text.
Were these sales part of a private placement?
The filing refers to 'Unregistered Sales of Equity Securities,' which often implies a private placement or exemption from registration, but the specific exemption is not detailed in this excerpt.
What is the total number of shares sold and the price per share?
The provided text does not contain specific details on the number of shares sold or the price per share.
When was the company incorporated?
Golden Matrix Group, Inc. was incorporated in Nevada.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 46-1814729.
Filing Stats: 948 words · 4 min read · ~3 pages · Grade level 16.9 · Accepted 2024-10-15 08:00:11
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 Par Value Per Share GMGI The NASDAQ
Filing Documents
- gmgi_8k.htm (8-K) — 27KB
- 0001477932-24-006411.txt ( ) — 149KB
- gmgi-20241014.xsd (EX-101.SCH) — 6KB
- gmgi-20241014_lab.xml (EX-101.LAB) — 14KB
- gmgi-20241014_cal.xml (EX-101.CAL) — 1KB
- gmgi-20241014_pre.xml (EX-101.PRE) — 9KB
- gmgi-20241014_def.xml (EX-101.DEF) — 2KB
- gmgi_8k_htm.xml (XML) — 4KB
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities. 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 April 9, 2024, effective on April 1, 2024, we closed the transactions contemplated by that certain Sale and Purchase Agreement of Share Capital dated January 11, 2023 (as amended and restated from time to time, the " Purchase Agreement ") with Aleksandar Milovanovi (" Milovanovi "), Zoran Miloevi (" Miloevi ") and Sneana Boovi (" Boovi ", and collectively with Milovanovi and Miloevi, the " Sellers "), the former owners of 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 "); Drutvo Sa Ogranienom Odgovornou " Meridianbet " Drutvo Za Proizvodnju, Promet Roba I Usluga, Export Import Podgorica, a private limited company formed and registered in and under the laws of Montenegro; Meridian Gaming Holdings Ltd., a company formed and registered in the Republic of Malta; and Meridian Gaming (Cy) Ltd, a company formed and registered in the republic of Cyprus (collectively, the " Meridian Companies "). As part of the consideration for the acquisition, we agreed to pay the Sellers 5,000,000 restricted shares of common stock (the " Contingent Shares ") which were due to the Sellers within five business days following the Determination Date (defined below) if (and only if) the Company determined that each of the Post-Closing Conditions (defined below) were met on such Determination Date. For purposes of the foregoing, the " Determination Date " means the date that was six months after the closing date of the Purchase Agreement (October 9, 2024) and the " Contingent Post-Closing Conditions " were as follows: the Sellers and their affiliates were not then in default in any of their material obligations,
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: October 15, 2024 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 3