Business Context and Reporting Period
This Form 8-K is filed by Golden Matrix Group, Inc. (not Meridian Holdings Inc.) on December 15, 2025. The registrant is incorporated in Nevada and trades on the NASDAQ Capital Market under the symbol GMGI. The report discloses a corporate action regarding a new share repurchase program.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or debt figures. The only quantified financial metric disclosed is the authorization of a share repurchase program with a maximum value of $3 million. The program is expected to be funded using the Company's working capital.
Material Changes
- Share Repurchase Authorization: On December 15, 2025, the Board of Directors authorized a program to repurchase up to $3 million of outstanding common stock.
- Program Duration: The program is scheduled to expire on December 15, 2026, unless extended, discontinued, or until the $3 million limit is reached.
- Execution Method: Shares may be repurchased in the open market, through negotiated transactions, or via a Rule 10b5-1 plan, subject to market conditions and management discretion.
Guidance, Outlook, and Risks
Management indicated that repurchases will be made at prices considered attractive and in the best interests of the Company and stockholders. The filing includes standard forward-looking statement disclaimers, noting that actual results may differ due to risks such as market conditions, funding availability, and the timing of repurchases. The Company explicitly states there is no guarantee as to the exact number or value of shares that will be repurchased, if any. The program may be suspended, terminated, or modified at any time.
Investor Verification Checklist
- Verify the current share price to estimate the potential number of shares repurchasable with the $3 million authorization.
- Review the most recent Form 10-Q or 10-K to assess the Company's current working capital and liquidity position to confirm the feasibility of funding the program.
- Monitor future periodic reports (10-Q/10-K) for actual repurchase activity and volume.
- Confirm the trading symbol is GMGI on the NASDAQ Capital Market, noting the discrepancy with the "Meridian Holdings Inc." name in the request metadata.