Golden Matrix Group (NASDAQ: GMGI) today announced an additional amendment to the earnout structure of the initial share purchase agreement with Meridianbet. This fifth amendment was passed on October 1, 2024. Pursuant to the current agreement, Aleksandar Milovanović, Zoran Milošević and Snežana Božović, the sellers, will receive additional sums of cash and GMGI common stock, with the payments expected to be made within five days from October 9, 2024. The details of the amendment and the cash component paid to each of the sellers are outlined in the announcement.
To view the full press release, visit https://ibn.fm/2B6Lm
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is an established business-to-business (“B2B”) and business-to-consumer (“B2C”) gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. Besides Meridianbet and Expanse Studios, the company also owns and operates MEXPLAY, a regulated online casino in Mexico. The company’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current U.S. law.
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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