Curated News
By: NewsRamp Editorial Staff
December 16, 2025
Golden Matrix Authorizes $3M Stock Buyback to Boost Shareholder Value
TLDR
- Golden Matrix Group's $3 million stock buyback signals management confidence, potentially boosting shareholder value by reducing shares and increasing earnings per share.
- Golden Matrix Group's board authorized a $3 million stock repurchase program through open market or negotiated transactions, expiring December 2026 unless extended or discontinued.
- This disciplined capital allocation by Golden Matrix Group demonstrates responsible corporate stewardship, potentially creating more sustainable long-term value for shareholders and stakeholders.
- Golden Matrix Group plans to retire repurchased shares, reducing total outstanding shares from the current 140.7 million to potentially increase ownership stakes.
Impact - Why it Matters
This stock repurchase announcement signals management's confidence in Golden Matrix's undervalued position and future prospects, which could influence investor sentiment and stock performance. For shareholders, the buyback program represents a potential catalyst for share price appreciation through reduced supply and earnings-per-share accretion. The company's emphasis on this being a more tax-efficient method than dividends highlights strategic financial planning that benefits long-term investors. In the competitive gaming technology sector, such capital allocation decisions demonstrate financial discipline and can strengthen the company's market position against competitors. The timing and execution of this program will be closely watched as an indicator of management's ability to deliver on their stated conviction about the company's intrinsic value.
Summary
Golden Matrix Group Inc. (NASDAQ: GMGI), an international gaming technology company based in Las Vegas, has announced a significant corporate financial initiative. The company's Board of Directors has authorized a stock repurchase program worth up to $3.0 million, scheduled to run through December 15, 2026, unless extended or discontinued earlier. This strategic move, as explained by Chief Financial Officer Rich Christensen, reflects management's belief that the company's shares are trading at a substantial discount to their intrinsic value. The repurchase program is positioned as a disciplined capital allocation strategy aimed at reducing market overhang, addressing short interest, and enhancing long-term shareholder returns through earnings-per-share accretion.
The mechanics of the repurchase program allow Golden Matrix to buy back shares through various methods including open market purchases and negotiated transactions, all conducted in compliance with federal securities laws including Rule 10b-18 of the Exchange Act. The company may also utilize Rule 10b5-1 plans to facilitate repurchases during periods when insider trading restrictions might otherwise prevent such activity. Importantly, the program is discretionary and may be modified based on market conditions, share availability, alternative investment opportunities, and the company's financial performance. All repurchased shares will be retired and returned to treasury, effectively reducing the total outstanding shares from the current count of 140,660,454 as of September 30, 2025.
Golden Matrix operates through both B2B and B2C divisions, developing proprietary gaming platforms for clients worldwide while also running consumer-facing operations like RKings Competitions and MEXPLAY, its regulated online casino in Mexico. The company's 2024 acquisition of Meridianbet Group expanded its footprint across Europe, Africa, and South America. The repurchase program will be funded from working capital, and while the company expresses confidence in this initiative, it includes standard forward-looking statements cautioning that actual results may differ due to various factors including market conditions, regulatory changes, and global economic uncertainties. Investors can find more details through the original release on www.newmediawire.com and the company's SEC filings.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Golden Matrix Authorizes $3M Stock Buyback to Boost Shareholder Value
