M&A

22.03.2024

by Kajetan Sawicz

Last update: 22.03.2024 10:14

Golden Matrix Secures Shareholder Nod for MeridianBet Group Acquisition

Golden Matrix Group Inc., a pioneering developer, licensor, and operator of online gaming and eCommerce platforms, announced a significant stride in its expansion efforts with the stockholder approval for the acquisition of MeridianBet Group.

Shareholders Back Growth Vision

In a special meeting held recently, Golden Matrix’s stockholders cast their votes in favor of acquiring MeridianBet Group, a move that had been in the pipeline since the Amended and Restated Sale and Purchase Agreement of Share Capital was inked on June 27, 2023. The approval not only underscores the stockholders’ confidence in the company’s strategic direction but also aligns with the leadership’s vision for expansion.

Brian Goodman, the CEO and Chairman of Golden Matrix, expressed his contentment with the shareholder’s decision, stating, “We are extremely pleased with the shareholder vote and believe that the strong support expressed by our stockholders for the acquisition reflects their belief that the acquisition provides a compelling opportunity to grow our operations, global footprint, and the overall business.”

Anticipating the Final Steps

The acquisition’s fruition is contingent upon several closing conditions, including the crucial aspect of funding the purchase. Golden Matrix is actively working towards fulfilling these prerequisites, with the aim of finalizing the transaction by April 2024. This milestone will not only enhance the company’s portfolio but also solidify its standing in the competitive online gaming market.

The detailed voting outcomes for each proposal discussed during the special meeting will be available in a Current Report on Form 8-K, as filed by Golden Matrix with the U.S. Securities and Exchange Commission.

Our Comment on the Article

The approval by Golden Matrix’s shareholders to proceed with the acquisition of MeridianBet Group is a testament to the company’s robust growth strategy and its commitment to enhancing shareholder value. This strategic move is set to position Golden Matrix more favorably within the global iGaming landscape, potentially unlocking new markets and opportunities. As the company navigates through the final stages of this acquisition, the industry watches closely, anticipating the impact this consolidation will have on market dynamics and competitive positioning.

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