Golden Matrix Converts $8 Million Debt to Equity in Deal With Meridianbet Founder

Reuters11-29

<a href="https://laohu8.com/S/GMGI">Golden Matrix</a> Converts $8 Million Debt to Equity in Deal With Meridianbet Founder

Golden Matrix Group Inc. announced a significant debt-to-equity conversion involving Aleksandar Milovanović, founder and largest shareholder of Meridianbet. Milovanović elected to convert $8 million of post-closing cash consideration owed to him into 8 million shares of Golden Matrix common stock at a conversion price of $1.00 per share. This transaction eliminates $8 million in near-term cash obligations for the company, strengthens its balance sheet, and enhances financial flexibility. Milovanović now beneficially owns approximately 93.3 million shares, further aligning his interests with those of other shareholders and demonstrating confidence in Golden Matrix's long-term growth prospects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golden Matrix Group Inc. published the original content used to generate this news brief on November 28, 2025, and is solely responsible for the information contained therein.

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