Meridian Holdings Inc. (NASDAQ:MRDN) announced today that its common stock commenced trading under the new ticker symbol "MRDN" on a post-1-for-12 reverse split, name-change basis, effective at market open on March 3, 2026. The change follows the company's corporate rebranding from Golden Matrix Group, Inc., as previously disclosed. The new CUSIP number is 381098409. Additional details are available in the Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC).
The reverse stock split consolidated every twelve shares of common stock into one new share, reducing the issued and outstanding shares from 151,692,749 to approximately 12,641,062. The authorized shares of common stock decreased from 300,000,000 to 25,000,000. The board of directors approved the split without stockholder approval, as permitted under Nevada law. No fractional shares were issued; stockholders entitled to fractional shares will receive cash based on the closing price on the trading day before the effective time.
Meridian Holdings Inc. is an international developer, licensor, and global operator of online gaming and ecommerce platforms. Its B2C division includes Meridianbet Group, a leading online sports betting and gaming operator founded in 2001, licensed in Europe, Africa, and South America. The B2B division comprises Expanse Studios and iGaming platform GMAG, which develop and distribute proprietary gaming platforms to global clients. Other subsidiaries include RKings Competitions, Mexplay, and Classics for a Cause. The company's software automatically declines gaming or redemption requests from within the United States to comply with U.S. law. For more information, visit ir.meridianbet.com.
This rebranding and reverse stock split marks a strategic move to align the company's market identity with its expanded operations and global footprint. The new ticker symbol MRDN is expected to better reflect the company's focus and growth trajectory in the competitive online gaming and ecommerce sectors.
