The company, formerly Golden Matrix Group, Inc., has changed its name to Meridian Holdings Inc. A 1-for-12 reverse stock split of its common stock has been completed. Both the name change and reverse stock split became effective on March 3, 2026, at 12:01 a.m. ET. The primary reason for the reverse stock split is to satisfy Nasdaq's $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company received a deficiency letter from Nasdaq on December 31, 2025, and had until June 30, 2026, to regain compliance. The name change better reflects the company's primary status as a holding company for MeridianBet Group, a well-established brand and operator in the sports betting and gaming industry, spanning across over 15 markets in Europe, Central and South America, and Africa. The trading symbol has changed from GMGI to MRDN, and the CUSIP number is now 381098409. Authorized common stock decreased from 300 million to 25 million shares, and issued and outstanding shares decreased from 151.7 million to 12.6 million shares. No fractional shares will be issued; stockholders will receive cash in lieu based on the closing sale price prior to the effective date. Stock options, equity awards, preferred stock conversion ratios, and warrants have been proportionately adjusted.