Golden Matrix Group Files 8-K for Material Agreement
Ticker: MRDN · Form: 8-K · Filed: Oct 31, 2024 · CIK: 1437925
| Field | Detail |
|---|---|
| Company | Golden Matrix Group, INC. (MRDN) |
| Form Type | 8-K |
| Filed Date | Oct 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $12,000,000, $100,000, $515,000, $250 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financials, corporate-filing
Related Tickers: GMGI
TL;DR
GMGI filed an 8-K for a material agreement and financials. Keep an eye on this.
AI Summary
Golden Matrix Group, Inc. filed an 8-K on October 30, 2024, reporting the entry into a material definitive agreement and financial statements. The filing details the company's corporate information, including its incorporation in Nevada and principal executive offices in Las Vegas, NV.
Why It Matters
This filing indicates a significant business development or financial event for Golden Matrix Group, Inc., which could impact its operations and stock value.
Risk Assessment
Risk Level: low — The filing is a standard corporate disclosure and does not inherently present new risks.
Key Players & Entities
- Golden Matrix Group, Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- October 30, 2024 (date) — Date of earliest event reported
- 3651 Lindell Road, Suite D131, Las Vegas, NV 89103 (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement filed by Golden Matrix Group, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 30, 2024.
Where are Golden Matrix Group, Inc.'s principal executive offices located?
Golden Matrix Group, Inc.'s principal executive offices are located at 3651 Lindell Road, Suite D131, Las Vegas, NV 89103.
What is the SEC file number for Golden Matrix Group, Inc.?
The SEC file number for Golden Matrix Group, Inc. is 001-41326.
What is the IRS Employer Identification Number for Golden Matrix Group, Inc.?
The IRS Employer Identification Number for Golden Matrix Group, Inc. is 46-1814729.
Filing Stats: 661 words · 3 min read · ~2 pages · Grade level 13.5 · Accepted 2024-10-31 08:30:34
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 Par Value Per Share GMGI The NASDAQ
- $12,000,000 — ote in the original principal amount of $12,000,000 issued by the Company to the Investor o
- $100,000 — Secured Convertible Note, would be paid $100,000 in shares of common stock of the Compan
- $515,000 — ms of the Secured Convertible Note, and $515,000 in cash; and (b) to amend the events of
- $250 million — ompany's market capitalization is below $250 million for ten consecutive days at any time af
Filing Documents
- gmgi_8k.htm (8-K) — 26KB
- gmgi_ex101.htm (EX-10.1) — 22KB
- 0001477932-24-006775.txt ( ) — 175KB
- gmgi-20241030.xsd (EX-101.SCH) — 6KB
- gmgi-20241030_lab.xml (EX-101.LAB) — 14KB
- gmgi-20241030_cal.xml (EX-101.CAL) — 1KB
- gmgi-20241030_pre.xml (EX-101.PRE) — 9KB
- gmgi-20241030_def.xml (EX-101.DEF) — 2KB
- gmgi_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Second Amendment to Senior Secured Convertible Promissory Note On October 30, 2024, Golden Matrix Group, Inc. (the " Company ") and Lind Global Asset Management VIII LLC, a Delaware limited partnership (the " Investor "), entered into a Second Amendment to Senior Secured Convertible Promissory Note (the " Amendment "), which amended that certain secured, two-year, interest free convertible promissory note in the original principal amount of $12,000,000 issued by the Company to the Investor on July 2, 2024 (the " Secured Convertible Note "). Pursuant to the Amendment, the Company and the Investor agreed (a) that the October 2024 amortization payment due on October 20, 2024 pursuant to the terms of the Secured Convertible Note, would be paid $100,000 in shares of common stock of the Company, as determined pursuant to the terms of the Secured Convertible Note, and $515,000 in cash; and (b) to amend the events of default set forth in the Secured Convertible Note to provide that it will be an event of default if the Company's market capitalization is below $250 million for ten consecutive days at any time after March 3, 2025 (previously such applicable starting date for that covenant was December 3, 2024). The foregoing summary of the Amendment is a summary only and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8K and is incorporated into this Item 1.01 by reference in its entirety.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 10.1 Second Amendment to Senior Secured Convertible Promissory Note, dated and effective October 30, 2024, by and between Golden Matrix Group, Inc. and Lind Global Asset Management VIII LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: October 31, 2024 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 3