Meridian Holdings Inc., formerly known as Golden Matrix Group, Inc., announced the commencement of trading of its common stock under the new ticker symbol MRDN on a post-1-for-12 reverse stock split basis effective March 3, 2026. The corporate rebranding and structural changes represent a significant milestone for the international developer and operator of online gaming and ecommerce platforms as it positions itself for future growth in global markets. The reverse stock split reclassified every twelve shares of common stock into one new share, reducing the number of issued and outstanding shares from 151,692,749 to approximately 12,641,062. The number of authorized shares was similarly reduced from 300,000,000 to 25,000,000. Stockholders who would otherwise be entitled to receive fractional shares will receive cash in lieu based on the closing sale price of the common stock on the trading day immediately prior to the effective time as reported on the Nasdaq Capital Market.
Additional information regarding the name change and reverse stock split is available in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission. The reverse stock split was approved by the Board of Directors of GMGI without stockholder approval pursuant to the Nevada Revised Statutes. The company operates across both business-to-business and business-to-consumer segments in the gaming technology sector. Its B2C division is represented by Meridianbet Group, a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America. The B2B division includes game developer Expanse Studios and iGaming platform GMAG, which develop and license proprietary gaming platforms to global clients.
Meridian Holdings' portfolio also includes RKings Competitions, a high-volume UK-based raffle ticket business; Mexplay, a regulated online casino in Mexico; and Classics for a Cause, Australia's leading subscription-based digital memberships and trade promotion lotteries. The company's sophisticated software automatically declines any gaming or redemption requests from within the United States in strict compliance with current U.S. law. For more information about the company's operations and investor relations, visit https://www.ir.meridianbet.com. The transition to the MRDN ticker symbol and corporate rebranding from Golden Matrix Group to Meridian Holdings Inc. reflects the company's evolution and strategic focus on expanding its international gaming technology footprint. The structural changes come as the company continues to operate across multiple regulated markets while maintaining compliance with jurisdictional requirements in the complex global gaming landscape.
