27 de febrero, 2026
International gaming operator Golden Matrix Group, Inc. (NASDAQ: GMGI) has officially announced a corporate name change to Meridian Holdings Inc., effective March 3, 2026.
The move marks a natural evolution in the Group’s growth trajectory, as Meridianbet has become the most dominant and globally recognized brand within its portfolio. By transitioning to Meridian Holdings, the Company is aligning its corporate structure with the brand that represents the core of its international gaming and betting operations.
Beginning March 3, the Company will also change its Nasdaq ticker symbol from GMGI to MRDN, reinforcing its renewed corporate identity and capital markets positioning.
The decision reflects Meridianbet’s role as the driving force behind the Group’s global expansion. By unifying its identity under its strongest brand, the Company aims to simplify its corporate structure while continuing to scale its core gaming platforms worldwide.
In connection with the rebrand, the Board of Directors approved a 1-for-12 reverse stock split designed to streamline the Company’s capital structure and better align it with institutional market standards. The reverse stock split is also intended to ensure compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).
Rich Christensen, Chief Financial Officer of Golden Matrix Group, stated that the reverse stock split represents a strategic capital structure optimization, aligning the Company with public company best practices and gaming industry standards. He added that the move is expected to broaden access to capital markets while allowing management to remain focused on executing its growth strategy and delivering shareholder value through its core gaming operations.
The reverse stock split, name change and related ticker symbol change to MRDN are expected to become effective at 12:01 a.m. ET on March 3, 2026. Shares are expected to begin trading on a split-adjusted and renamed basis on the Nasdaq Capital Market at the market open that same day. The new CUSIP number will be 381098409.
As a result of the reverse stock split, every twelve shares of issued and outstanding common stock will be reclassified into one new share. The total number of issued and outstanding shares will be reduced from 151,692,749 to 12,641,062, and authorized shares will decrease from 300,000,000 to 25,000,000. The action was approved by the Board of Directors in accordance with Nevada corporate law and did not require shareholder approval.
With this transition, the Company enters a new chapter under a unified brand identity that reflects the strength and global reach of its flagship gaming operations.
