Meridian Holdings Inc. Completes 1-for-12 Reverse Stock Split and Rebrands to MRDN
Summary
Golden Matrix Group, Inc. has completed a 1-for-12 reverse stock split and changed its name to Meridian Holdings Inc., with a new ticker symbol 'MRDN', effective March 3, 2026.
Key Events · Corporate Governance and Compliance · GMGI
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Reverse Stock Split Effective
A 1-for-12 reverse stock split became effective on March 3, 2026, at 12:01 a.m. ET.
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Name and Ticker Change
The company's name officially changed from Golden Matrix Group, Inc. to Meridian Holdings Inc., and its trading symbol changed to 'MRDN', both effective March 3, 2026.
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Nasdaq Compliance Achieved
The reverse split was implemented to satisfy Nasdaq's $1.00 minimum bid price requirement, aiming to maintain the company's listing on The Nasdaq Capital Market.
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Corporate Rebranding
The name change reflects the company's primary status as a holding company for MeridianBet Group, a sports betting and gaming operator.
Analysis · GMGI · Technology
This filing confirms the execution and effective date of a 1-for-12 reverse stock split and a corporate name change, which were previously announced. The reverse split was primarily undertaken to regain compliance with Nasdaq's minimum bid price requirement, a common action for companies facing potential delisting. The name change to Meridian Holdings Inc. and the new ticker symbol 'MRDN' are intended to better reflect the company's identity as a holding company for MeridianBet Group. While the intent was known, this 8-K provides the final, actionable details, including the effective date and new trading symbol, which are critical for investors.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GMGI was trading at $7.96 on NASDAQ in the Technology sector, with a market capitalization of approximately $96.7M. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.