Curated News
By: NewsRamp Editorial Staff
April 29, 2025
Golden Matrix Group Inc. Repays $7.2M Debt, Bolsters Financial Standing
TLDR
- Golden Matrix Group Inc. repays $7.2 million debt in full, enhancing financial flexibility and avoiding shareholder dilution.
- GMGI settles Lind Global's Senior Secured Promissory Note, improving Net Debt Ratio and reinforcing positive growth trajectory.
- Repayment of debt by GMGI demonstrates commitment to shareholders, strengthens financial position, and supports long-term value creation.
- Recent debt repayment by Golden Matrix Group reinforces positive momentum, enhances financial flexibility, and showcases strong underlying performance.
Impact - Why it Matters
This news showcases GMGI's dedication to shareholder value and financial strength, positioning the company for future growth and success. By eliminating debt and improving financial flexibility, GMGI demonstrates its commitment to long-term sustainability and value creation for investors.
Summary
Golden Matrix Group Inc. announced the full prepayment of Lind Global Asset Management VIII LLC's Senior Secured Promissory Note, totaling $7.2 million, using cash reserves to avoid shareholder dilution. This move enhances financial flexibility for GMGI as it pursues global growth and key initiatives while strengthening its financial position. The Company's CEO emphasized the commitment to long-term shareholder value and positive momentum.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Golden Matrix Group Inc. Repays $7.2M Debt, Bolsters Financial Standing
