4/A: Golden Matrix Group Insider Corrects Filing to Include Additional Share Purchase
SEC Filing Amendment
Aleksandar Milovanovic amends SEC Form 4 to include a previously omitted purchase of 25,000 shares of Golden Matrix Group, Inc. common stock.
Summary
- Aleksandar Milovanovic, a member of a 10% reporting group, filed an amended Form 4/A with the SEC to correct an error in a previous filing.
- The amendment includes the purchase of 25,000 shares of Golden Matrix Group, Inc. (GMGI) common stock on November 14, 2024, at a price of $2.75 per share, which was initially omitted.
- This correction updates the total number of shares beneficially owned by Milovanovic to 77,558,507.
- Milovanovic is part of a voting agreement with other parties, including the Issuer, Anthony Brian Goodman, Luxor Capital LLC, Zoran Milosevic and Snezana Bozovic, potentially forming a 'group' under Section 13(d) of the Securities Exchange Act of 1934.
- Milovanovic disclaims beneficial ownership of securities owned by other members of the voting agreement and states he has no pecuniary interest in those securities.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. While the error itself isn't positive, the correction is a sign of diligence. The voting agreement adds a layer of complexity but doesn't necessarily indicate a negative outlook.
Negatives
- The original Form 4 filing contained an administrative error, omitting the purchase of 25,000 shares.
Risks
- The voting agreement could be interpreted as a 'group' under SEC regulations, potentially triggering additional reporting requirements and scrutiny.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders.
Key Dates
| Date | Description |
|---|---|
| April 9, 2024 | Date of the Nominating and Voting Agreement |
| November 12, 2024 | Purchase of 1,499 shares of common stock at prices ranging from $2.69 to $2.70 |
| November 14, 2024 | Original Form 4 filing date and purchase of 25,000 shares of common stock at $2.75 (omitted in original filing) |
| February 7, 2025 | Date of amended Form 4/A filing |
Keywords
Form 4, Amendment, Beneficial Ownership, Golden Matrix Group, GMGI, Aleksandar Milovanovic, Voting Agreement, SEC Filing, Share Purchase
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