Sep. 12 at 12:48 PM
$GMGI Headline Event: GMGI is using its own stock to settle a portion of a debt it owes from a past acquisition.
The Guts of the Deal:
Who: GMGI is paying Aleksandar Milovanović, one of the key sellers of the company they acquired (MeridianBet Group).
What: They were supposed to pay him a portion of a
$10 million cash payment on or before October 9, 2025. Instead of cash, they've agreed to pay him
$500,000 in company stock.
The Price: This is where it gets interesting for traders. The conversion price isn't fixed.
$100,000 was converted at
$1.23 per share.
Another
$100,000 was converted at
$1.02 per share (the closing price on September 5, 2025).
The remaining
$300,000 will be converted in three
$100,000 tranches on September 12, 19, and 26, 2025, at the closing price on each of those Fridays. This is a floating or "at-the-market" conversion.
https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&ref=319447905&type=HTML&symbol=GMGI&cdn=a1259297f84f26b7b474bf73d8ddc98f&companyName=Golden+Matrix+Group+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2025-09-12
