Meridian Holdings Inc. Completes 1-for-12 Reverse Stock Split and Rebrands to MRDN

summarizeSummary

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.

check_boxKey Events

• Reverse Stock Split Effective

  A 1-for-12 reverse stock split became effective on March 3, 2026, at 12:01 a.m. ET.

• 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.

• 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.

• Corporate Rebranding

  The name change reflects the company's primary status as a holding company for MeridianBet Group, a sports betting and gaming operator.

auto_awesomeAnalysis

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.