Curated News
By: NewsRamp Editorial Staff
February 26, 2026
Golden Matrix Announces Reverse Stock Split and Name Change to Meridian Holdings
TLDR
- Golden Matrix Group's reverse stock split and name change to Meridian Holdings Inc. positions the company for Nasdaq compliance and stronger capital market access, potentially boosting shareholder value.
- Golden Matrix Group will execute a 1-for-12 reverse stock split on March 3, 2026, reducing shares from 151.7 million to 12.6 million and changing its ticker to MRDN.
- This corporate restructuring allows Golden Matrix Group to maintain Nasdaq listing stability, ensuring continued operations that support gaming entertainment and employment across international markets.
- Golden Matrix Group becomes Meridian Holdings Inc. with a 1-for-12 stock consolidation, trading as MRDN starting March 3, 2026, while maintaining its global gaming operations.
Impact - Why it Matters
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.
Summary
Golden Matrix Group, Inc. (NASDAQ: GMGI), an international online gaming and ecommerce platform developer and operator, has announced a major corporate restructuring. The company's board of directors has approved a 1-for-12 reverse stock split and a name change to Meridian Holdings Inc., effective March 3, 2026. This strategic move, highlighted by CFO Rich Christensen, aims to raise the nominal share price to ensure compliance with Nasdaq's minimum bid requirements under Listing Rule 5550(a)(2) and to strengthen the company's capital markets positioning. The restructuring is expected to optimize the capital structure, align with industry standards, and provide broader access to capital markets to support growth initiatives.
The technical details of the reverse stock split are significant: it will reduce outstanding shares from approximately 151.7 million to 12.6 million and authorized shares from 300 million to 25 million. All adjustments will be uniform for stockholders, with no fractional shares issued—instead, cash payments will be made for fractional interests based on the pre-split closing price. The company's ticker symbol will change to "MRDN," and VStock Transfer LLC will serve as the transfer agent. Additional information is available in the company's Form 8-K filing with the Securities and Exchange Commission (SEC), accessible on the SEC's website and the company's investor relations page at https://goldenmatrix.com/investor.
Golden Matrix Group, based in Las Vegas, operates in both B2B and B2C gaming sectors, with platforms like RKings Competitions and MEXPLAY, and it acquired Meridianbet Group in 2024. The restructuring reflects the company's evolution and focus on compliance and growth in international markets, while adhering to U.S. gaming laws. For more details, view the original release on www.newmediawire.com, which provides comprehensive coverage of this corporate update.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Golden Matrix Announces Reverse Stock Split and Name Change to Meridian Holdings
