Business Context and Reporting Period
This Form 8-K is a current report filed by Golden Matrix Group, Inc. (soon to be renamed Meridian Holdings Inc.) on February 26, 2026. The filing discloses a corporate restructuring event approved by the Board of Directors without shareholder approval under Nevada Revised Statutes.
Key Financial Metrics and Capital Structure
This filing does not contain operational financial metrics such as revenue, profit, cash flow, or margins. It focuses exclusively on capital structure adjustments:
- Reverse Stock Split Ratio: 1-for-12.
- Pre-Split Outstanding Shares: 151,692,749.
- Post-Split Outstanding Shares: Approximately 12.6 million.
- Pre-Split Authorized Shares: 300 million.
- Post-Split Authorized Shares: 25 million.
- Fractional Shares: No fractional shares will be issued; holders will receive cash in lieu of fractions based on the closing price prior to the effective time.
Material Changes
The primary material change is the reduction of outstanding shares by approximately 91.6% via the reverse stock split. Additionally, the company is changing its legal name from Golden Matrix Group, Inc. to Meridian Holdings Inc. The ticker symbol will change from "GMGI" to "MRDN," and the CUSIP number will be updated to 381098409.
Guidance, Outlook, and Risks
Management Commentary: The reverse stock split is intended to raise the nominal share price to ensure compliance with Nasdaq Listing Rule 5550(a)(2) minimum bid requirements and to strengthen capital markets positioning.
Effective Date: The changes are expected to become effective at 12:01 AM ET on March 3, 2026, with trading under the new name and ticker commencing at the market open on that date.
Risks and Contingencies: The filing includes standard forward-looking statement disclaimers. Risks include the possibility that the split may not achieve the desired market price or that the company may not maintain Nasdaq compliance. The filing explicitly states it does not contain updated financial guidance or results of operations.
Investor Verification Checklist
- Verify the effective time of the reverse stock split (March 3, 2026, 12:01 AM ET) to ensure proper trade settlement.
- Confirm the new ticker symbol "MRDN" and CUSIP "381098409" for future trading.
- Check the closing price of GMGI on the trading day immediately prior to March 3, 2026, to calculate cash payments for fractional shares.
- Review the company's most recent Form 10-K or 10-Q for actual financial performance data, as this 8-K contains no operational results.
- Monitor Nasdaq compliance status post-split to ensure the minimum bid price requirement is met.