Meridian Holdings Inc. (NASDAQ:MRDN), formerly known as Golden Matrix Group, Inc., announced today that its common stock began trading under the new ticker symbol "MRDN" on the Nasdaq Capital Market, effective at market open on March 3, 2026. This change follows a 1-for-12 reverse stock split and a corporate name change, which were previously disclosed. The company also has a new CUSIP number of 381098409.
The reverse stock split consolidates every twelve shares of common stock into one share, reducing the number of issued and outstanding shares from approximately 151,692,749 to about 12,641,062. Additionally, the number of authorized shares of common stock has been reduced from 300,000,000 to 25,000,000. No fractional shares will be issued; instead, shareholders entitled to fractional shares will receive cash based on the closing sale price of the common stock on the trading day immediately prior to the effective time, as reported on the Nasdaq Capital Market. The reverse stock split was approved by the Board of Directors of GMGI, without stockholder approval, under the Nevada Revised Statutes.
Additional details regarding the name change and reverse stock split are available in the Company’s Current Report on Form 8-K filed today with the Securities and Exchange Commission (SEC), accessible via the SEC's website.
Meridian Holdings Inc. is an international developer, licensor, and global operator of online gaming and ecommerce platforms. The company's B2C division is represented by Meridianbet Group, a leading online sports betting and gaming operator founded in 2001, licensed in multiple jurisdictions across Europe, Africa, and South America. The B2B division includes game developer Expanse Studios and iGaming platform GMAG, which develop, license, and distribute proprietary gaming platforms to global clients. Other subsidiaries include RKings Competitions, a UK-based raffle ticket business, Mexplay, a regulated online casino in Mexico, and Classics for a Cause, Australia’s leading subscription-based digital memberships and trade promotion lotteries. The company’s software automatically declines any gaming or redemption requests from within the United States, in compliance with U.S. law.
For more information about Meridian Holdings, visit www.ir.meridianbet.com. Connect with the company on X at https://twitter.com/gmgi_official and on Instagram at https://www.instagram.com/goldenmatrixgroup/.
