Golden Matrix shareholders approve MeridianBet acquisition By Investing.com


© Reuters.

LAS VEGAS – Golden Matrix Group Inc. (NASDAQ:GMGI), a developer and operator of online gaming and eCommerce platforms, announced today that its shareholders have given the green light for the acquisition of MeridianBet Group. The decision came during a special meeting where stockholders representing 73.5% of the voting shares showed support for the deal.

The terms of the Amended and Restated Sale and Purchase Agreement, dated June 27, 2023, were approved, moving Golden Matrix closer to acquiring the MeridianBet Group, a move that CEO Brian Goodman believes will significantly expand the company’s operations and global presence.

The acquisition is still subject to certain closing conditions, including the requirement for Golden Matrix to secure sufficient funding. The company is actively working towards meeting these conditions with an anticipated closing date sometime in April 2024.

Golden Matrix Group, headquartered in Las Vegas, NV, has a broad international reach with its B2B division developing and licensing gaming platforms, while its B2C division, RKings, operates a high-traffic eCommerce site. The company also manages MEXPLAY, a regulated online casino in Mexico, with strict adherence to US laws prohibiting gaming requests from within the United States.

The transaction’s details, including the final voting results, have been filed with the U.S. Securities and Exchange Commission and are available in a Current Report on Form 8-K.

The company’s forward-looking statements indicate a strategic anticipation of growth and operational expansion post-acquisition. However, these statements are subject to various risks and conditions, including regulatory approvals and the ability to raise the necessary funding.

This news is based on a press release statement and reflects the company’s current expectations for the acquisition’s potential to enhance its business operations and market footprint.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.


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