Golden Matrix Group to Rebrand as Meridian Holdings Inc, Aligning Corporate Identity with Flagship Meridianbet Brand

International gaming operator Golden Matrix Group (NASDAQ: GMGI) has officially announced a corporate name change to Meridian Holdings Inc., effective March 3, 2026.

The move is a logical evolution for the group, as Meridianbet remains the most dominant and globally recognized name within its portfolio. By transitioning to Meridian Holdings, the company is unifying its corporate structure under its strongest brand identity, reflecting the core of its global gaming and betting operations.

Starting March 3, the company will also transition its Nasdaq ticker symbol from GMGI to MRDN.

This is a natural step in the Company’s growth, as Meridianbet is the engine of its global presence, and it makes perfect sense for our holding company to reflect the brand that our partners and players know best. This change simplifies our identity as we continue to scale our core gaming platforms.

In addition to the name change, the company is implementing a 1-for-12 share consolidation to streamline its capital structure for institutional investors, as it enters this new chapter.

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The full, formal SEC press release with complete technical and legal details

Golden Matrix Group Announces Reverse Stock Split and Name Change to Meridian Holdings.

Shares Expected to Begin Trading on a Split-Adjusted/Name Change Basis on March 3, 2026

Golden Matrix Group, Inc. (NASDAQ:GMGI) (“Golden Matrix,” “GMGI” or the “Company”), an international developer, licensor and global operator of online gaming and ecommerce platforms, systems and gaming content, today announced that the Company’s board of directors has approved a reverse stock split (the “Reverse Stock Split”) of its Common Stock, par value $0.00001 per share (“Common Stock”) at a ratio of 1-for-12 and a name change to Meridian Holdings Inc.

The Reverse Stock Split is expected to raise the nominal price of GMGI shares to ensure compliance with the minimum bid requirements set forth in Nasdaq Listing Rule 5550(a)(2) and to help strengthen the Company’s capital markets positioning.

Rich Christensen, Chief Financial Officer of Golden Matrix Group, commented, “We believe that this Reverse Stock Split represents a strategic capital structure optimization that aligns GMGI with best practices for public companies as well as gaming industry standards. By consolidating our shares, we are bringing our capital structure in line with companies of our scale and revenue profile, while seeking to position GMGI to benefit from broader access to the capital markets, which our business fundamentals warrant. Furthermore, we expect that the Reverse Stock Split will address and satisfy the minimum bid requirements of Nasdaq, allowing our team to focus entirely on executing our growth strategy and delivering value to shareholders through our core gaming operations.”

The Reverse Stock Split, name change and related symbol change to “MRDN”, is expected to become effective at 12:01 AM ET on March 3, 2026 (the “Effective Time”). Shares of the Company’s Common Stock are expected to begin trading on a post-split, post-name change, basis on the Nasdaq Capital Market at the open of trading on March 3, 2026. Shares of the Common Stock are expected to trade under the ticker “MRDN” and the new CUSIP number will be 381098409.

Impact on Common Stock

As a result of the Reverse Stock Split, every twelve (12) shares of Common Stock outstanding and held of record by each stockholder of the Company as of the Effective Time will be reclassified into one (1) new share of Common Stock.

The Reverse Stock Split will reduce the number of issued and outstanding shares of the Company’s Common Stock from 151,692,749 to 12,641,062 and the number of authorized shares of Common Stock from 300,000,000 shares to 25,000,000 shares.

The Reverse Stock Split was approved by the Board of Directors of GMGI, without any required stockholder approval, pursuant to the Nevada Revised Statutes (NRS).