Meridian Holdings Inc. (NASDAQ:MRDN), formerly known as Golden Matrix Group, Inc., announced today that its common stock has begun trading under the new ticker symbol 'MRDN' on the Nasdaq Capital Market, effective as of market open on March 3, 2026. The change follows a 1-for-12 reverse stock split and a corporate name change, marking a significant milestone in the company's rebranding strategy.
The reverse stock split, which was approved by the Board of Directors without stockholder approval under Nevada law, consolidated every twelve existing shares into one new share. As a result, the number of issued and outstanding shares decreased from approximately 151.7 million to about 12.6 million, while authorized shares were reduced from 300 million to 25 million. No fractional shares were issued; stockholders entitled to fractional shares will receive cash based on the closing price on the trading day prior to the effective time.
This corporate action is part of Meridian's broader rebranding from Golden Matrix Group, Inc., reflecting its evolution into an international developer, licensor, and global operator of online gaming and ecommerce platforms. The new CUSIP number for the common stock is 381098409. Additional details are available in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) today.
The ticker change is expected to enhance the company's market visibility and align its public identity with its operational focus. Meridian operates through two primary divisions: B2C, represented by Meridianbet Group, a leading online sports betting and gaming operator since 2001 with licenses in Europe, Africa, and South America; and B2B, which includes game developer Expanse Studios and iGaming platform GMAG, serving global clients. Subsidiaries also include RKings Competitions, Mexplay, and Classics for a Cause.
Investors and stakeholders can find more information on the company's investor relations website at ir.meridianbet.com.
