Form 4: Aleksandar Milovanovic Increases Stake in Golden Matrix Group, Inc.

Aleksandar Milovanovic reports the acquisition of 50,000 shares of Golden Matrix Group, Inc. at an average price of $2.16 per share.

Summary

• Aleksandar Milovanovic, a member of a 10% reporting group, acquired 50,000 shares of Golden Matrix Group, Inc. common stock on March 7, 2025.
• The shares were purchased at a price of $2.16 per share.
• Following the transaction, Milovanovic directly owns 79,214,552 shares of Golden Matrix Group, Inc. common stock.
• Milovanovic is party to an Amended and Restated Nominating and Voting Agreement, potentially making him part of a group that beneficially owns more than 10% of the company's outstanding shares.
• Milovanovic disclaims beneficial ownership of securities owned by other signatories to the Voting Agreement and asserts no pecuniary interest in those securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition. The voting agreement adds a layer of complexity but doesn't inherently indicate positive or negative sentiment.

Positives

• The purchase of 50,000 shares by Milovanovic could be interpreted as a sign of confidence in Golden Matrix Group, Inc.

Risks

• The voting agreement could lead to potential conflicts of interest or influence over the company's decisions.
• Milovanovic's disclaimer of beneficial ownership of other signatories' shares suggests potential complexities in the group's control over the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders. This filing provides transparency into the trading activities of Aleksandar Milovanovic, a significant shareholder in Golden Matrix Group, Inc.

Stakeholder Impact

• The increased stake by Milovanovic could reassure shareholders.
• The voting agreement could impact the influence of other shareholders.

Key Dates