Meridian Holdings Inc. announced the commencement of trading of its common stock under its new ticker symbol MRDN on a post-1-for-12 reverse split basis, effective March 3, 2026. This change follows the company's corporate rebranding from Golden Matrix Group, Inc., with shares now trading under the new ticker symbol and a new CUSIP number of 381098409.
The reverse stock split reclassified every twelve shares of common stock into one new share, reducing the number of issued and outstanding shares from 151,692,749 to approximately 12,641,062. The number of authorized shares of common stock decreased from 300,000,000 to 25,000,000. Stockholders who would otherwise be entitled to receive fractional shares will receive cash in lieu 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.
This corporate restructuring represents a significant milestone for the international gaming technology company, which operates across both business-to-business and business-to-consumer segments in multiple international markets. The company's B2C division is represented by Meridianbet Group, a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America. Additional information regarding the name change and reverse stock split is available in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission.
The rebranding to Meridian Holdings Inc. reflects the company's evolution and strategic positioning in the global gaming market. The company's 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.
For investors and market observers, the ticker change and reverse split represent important developments in the company's corporate identity and capital structure. The company maintains sophisticated software that automatically declines any gaming or redemption requests from within the United States in strict compliance with current U.S. law. Additional company information is available at https://www.ir.meridianbet.com.
