SCHEDULE: Meridian Holdings Inc. Schedule 13D Filing Update

Meridian Holdings Inc. (formerly Golden Matrix Group, Inc.) files Amendment No. 9 to its Schedule 13D, detailing significant share transactions by Anthony Brian Goodman and Luxor Capital, LLC.

Summary

• This filing is an amendment to a Schedule 13D, reporting changes in beneficial ownership of Meridian Holdings Inc. common stock by Anthony Brian Goodman and Luxor Capital, LLC.
• Anthony Brian Goodman and Luxor Capital, LLC (which Mr. Goodman owns 100% of) are the reporting persons.
• The filing details share sales by Mr. Goodman and Luxor Capital, LLC occurring between June 30, 2025, and June 12, 2026.
• A total of 210,730 shares of common stock were sold during this period.
• The sales occurred at prices ranging from $6.30 to $21.00 per share.
• The filing also notes that Anthony Brian Goodman resigned from his executive and board positions effective December 12, 2025, as part of a Severance and Release Agreement.
• As of the filing date, Anthony Brian Goodman beneficially owns 1,262,136 shares (9.96% of the class), and Luxor Capital, LLC beneficially owns 453,463 shares (3.58% of the class).

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as negative due to significant insider stock sales at declining prices and the departure of key leadership, suggesting potential concerns about the company's future performance or valuation.

Positives

• Anthony Brian Goodman's resignation as CEO and President was part of a formal Severance and Release Agreement, indicating a structured transition.
• The company has a total of 12,669,479 shares of common stock outstanding as of April 28, 2026, providing a clear basis for ownership percentage calculations.
• The reporting persons have a stated intention to hold shares for investment purposes, suggesting a long-term perspective.

Negatives

• Significant sales of company stock by key individuals (Anthony Brian Goodman and Luxor Capital, LLC) occurred over a period of approximately one year.
• The average sale price of shares decreased substantially from the initial sales in mid-2025 ($21.00) to the later sales in mid-2026 (as low as $6.30).
• Anthony Brian Goodman's resignation from all executive and board positions signifies a major change in leadership and potential strategic direction.

Risks

• The substantial sales of stock by significant holders could indicate a lack of confidence in future share price appreciation.
• The declining sale prices over the reporting period suggest potential downward pressure on the stock.
• The departure of the CEO and President could lead to uncertainty regarding the company's future strategy and execution.

Future Outlook

The reporting persons state that they may purchase or acquire additional securities or dispose of some or all of their current holdings in the future, depending on market and economic conditions. They do not currently have any specific plans for extraordinary corporate actions, asset sales, management changes, or changes in capitalization or dividend policy, but reserve the right to change their investment intent.

Management Comments

• Anthony Brian Goodman resigned as President, Chief Executive Officer, Principal Executive Officer, Secretary, Treasurer, and as a member of the Board of Directors of the Issuer and each of its subsidiaries, effective December 12, 2025.
• The Reporting Persons acquired, and presently hold, the securities reported herein for investment purposes.
• The Reporting Persons retain the right to change their investment intent, and may, from time to time, acquire additional shares of Common Stock or other securities of the Company, or sell or otherwise dispose of (or enter into a plan or arrangements to sell or otherwise dispose of), all or part of the shares of Common Stock or other securities of the Company, if any, beneficially owned by them, in any manner permitted by law.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes and potential shifts in corporate control or strategy. The substantial share sales by key insiders, coupled with executive departures, often precede significant corporate events or reflect a re-evaluation of the company's prospects by major stakeholders.

Management Changes

Related Party Transactions

• Anthony Brian Goodman sold 210,730 shares of Common Stock between June 30, 2025, and June 12, 2026.
• Luxor Capital, LLC, owned by Anthony Brian Goodman, also sold shares of Common Stock during the same period.
• Meridian Holdings Inc. entered into a Severance and Release Agreement with Mr. Goodman, including a severance payment and reimbursement for attorney's fees.

Stakeholder Impact

• Shareholders may be concerned by the significant stock sales from major holders and the departure of the CEO, potentially impacting share price and future company direction.
• Employees may experience uncertainty due to the change in top leadership.
• Creditors and suppliers may assess the company's stability given the leadership transition and insider selling.

Next Steps

• The Reporting Persons may continue to acquire or dispose of securities of the Issuer.
• The company will proceed with its business operations following the departure of its former CEO and President.

Key Dates

Recommendation

The filing indicates significant insider selling and a change in top leadership, which are negative signals. However, the reporting persons still hold substantial stakes and reserve the right to acquire more shares, suggesting they may not be entirely bearish. Without more information on the company's financial health or strategic plans post-leadership change, a 'hold' recommendation is prudent, allowing investors to await further developments.

Keywords

Schedule 13D, Meridian Holdings Inc., Anthony Brian Goodman, Luxor Capital, LLC, Common Stock, Shareholder, Beneficial Ownership, SEC Filing, Stock Sale, Executive Resignation