Form 4: Golden Matrix Group Insider Bozovic Acquires 250,000 Shares as Contingent Consideration

Snezana Bozovic, a member of a 10% reporting group of Golden Matrix Group, acquired 250,000 shares of common stock as post-closing contingent consideration.

Summary

• Snezana Bozovic, identified as a member of a 10% reporting group, acquired 250,000 shares of Golden Matrix Group, Inc. common stock on October 14, 2024.
• The acquisition is related to post-closing contingent consideration from the Amended and Restated Sale and Purchase Agreement of Share Capital dated June 27, 2023.
• The agreed value of the shares is $3 per share.
• Following the transaction, Bozovic directly owns 4,367,963 shares, excluding shares relating to a voting group.
• Bozovic is party to a Nominating and Voting Agreement and may be deemed a member of a 'group' for Section 13(d) purposes, but disclaims beneficial ownership of securities owned by other signatories to the agreement.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is part of a pre-existing agreement and doesn't necessarily indicate a change in the company's outlook.

Risks

• The reporting person is part of a voting agreement, which could trigger regulatory scrutiny regarding group ownership and control.

Industry Context

This filing reflects insider activity, which is closely monitored by investors for signals about management's confidence in the company's prospects. The acquisition of shares as part of a pre-existing agreement is a common practice.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence due to insider share acquisition.

Key Dates