Golden Matrix Group Authorizes $3 Million Stock Repurchase Program

Golden Matrix Group Inc. announced its board of directors has authorized the repurchase of up to $3 million of the company's common stock through December 15, 2026. The Las Vegas-based international gaming technology company, which trades on NASDAQ under the symbol GMGI, stated the program represents a strategic use of capital aimed at enhancing long-term shareholder value.

Chief Financial Officer Rich Christensen explained the rationale behind the decision, stating management believes the company's shares are trading at a significant discount to intrinsic value. "By reducing market overhang, addressing short interest, and repurchasing shares at current price levels, we are confident this initiative will enhance long-term shareholder returns," Christensen said. He noted the repurchase program provides a more tax-efficient method of returning capital compared to dividends while driving earnings-per-share accretion.

The stock repurchase program allows the company to buy shares in the open market or through negotiated transactions at prevailing market rates, subject to federal securities laws. Repurchases will be made at management's discretion based on factors including share availability, general market conditions, trading prices, alternative capital uses, and the company's financial performance. Open market purchases will be conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, and repurchases may also occur under Rule 10b5-1 plans that permit buying during periods when the company might otherwise be restricted by insider trading laws.

The program may be suspended, terminated, or modified at any time based on market conditions, repurchase costs, alternative investment opportunities, liquidity, and other factors. The company emphasized the program does not obligate it to purchase any specific number of shares, and there is no guarantee regarding the exact number or value of shares that will be repurchased. Funding for the repurchase program will come from the company's working capital. As of September 30, 2025, Golden Matrix Group had 140,660,454 shares of common stock issued and outstanding. All shares purchased under the program will be retired and returned to treasury.

This announcement comes as Golden Matrix Group continues to operate its B2B and B2C gaming technology platforms across international markets. The company's recent acquisition of Meridianbet Group in 2024 expanded its presence in Europe, Africa, and South America. The stock repurchase program represents a significant capital allocation decision that signals management's confidence in the company's future performance and valuation prospects. Investors can find additional information about the company's financial disclosures through reports available at https://www.sec.gov, including the Annual Report on Form 10-K for the year ended December 31, 2024 and the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025.