Blockchain Registration Transaction Record

Golden Matrix Announces Reverse Stock Split and Name Change to Meridian Holdings

Golden Matrix Group announces a 1-for-12 reverse stock split and name change to Meridian Holdings Inc., effective March 3, 2026, to meet Nasdaq requirements and optimize capital structure.

This news matters because corporate actions like reverse stock splits and name changes can significantly impact investor perception and market stability. For shareholders of Golden Matrix Group, the 1-for-12 reverse stock split aims to boost the share price to meet Nasdaq listing requirements, potentially preventing delisting and enhancing the stock's appeal to institutional investors. The name change to Meridian Holdings Inc. signals a strategic rebranding, possibly reflecting the company's expanded focus post-acquisition of Meridianbet Group. In the broader context, such moves often indicate efforts to strengthen financial positioning and align with industry peers, which can influence stock liquidity and future capital-raising opportunities. For the gaming and tech sectors, this underscores the importance of regulatory compliance and market adaptability in a competitive landscape, affecting investor confidence and long-term growth prospects.