Meridian Holdings Inc. (NASDAQ: MRDN), an international developer, licensor, and global operator of online gaming and ecommerce platforms, announced the commencement of trading of its common stock under its new ticker symbol "MRDN" as of market open on March 3, 2026. The change follows the company's rebranding from Golden Matrix Group, Inc., and a 1-for-12 reverse stock split that took effect simultaneously.
The reverse stock split consolidated every twelve shares of common stock into one new share, reducing the number of issued and outstanding shares from approximately 151.7 million to about 12.6 million. Additionally, the number of authorized shares of common stock was reduced from 300 million to 25 million. No fractional shares were issued; stockholders entitled to fractional shares will receive cash in lieu thereof based on the closing price on the trading day immediately prior to the effective time, as reported on the Nasdaq Capital Market. The reverse split was approved by the board of directors without stockholder approval, pursuant to Nevada law.
Additional details regarding the name change and reverse stock split are available in the company's Current Report on Form 8-K filed today with the Securities and Exchange Commission (SEC). The new CUSIP number for the shares is 381098409.
Meridian Holdings Inc., based in Las Vegas, Nevada, operates through both B2B and B2C segments. The B2C division is represented by Meridianbet Group, a leading online sports betting and gaming operator founded in 2001, licensed in multiple jurisdictions across Europe, Africa, and South America. The B2B division comprises game developer Expanse Studios and iGaming platform GMAG, which develop, license, and distribute proprietary gaming platforms to a global client base. Other subsidiaries include RKings Competitions, a UK-based raffle ticket business; Mexplay, a regulated online casino in Mexico; and Classics for a Cause, Australia’s subscription-based digital memberships and trade promotion lotteries. The company’s software automatically declines any gaming or redemption requests from within the United States to comply with U.S. law.
For more information, visit the company's investor relations page at www.ir.meridianbet.com.
