Golden Matrix Group to trade as Meridian Holdings from March 3

• Golden Matrix Group (NASDAQ: GMGI) will officially become Meridian Holdings Inc. on March 3, 2026, trading under the new ticker symbol MRDN.
• The rebrand aligns the parent company’s corporate identity with its most recognised global brand, Meridianbet.
• A simultaneous 1-for-12 reverse stock split will reduce outstanding shares from approximately 151.7 million to 12.6 million.

Golden Matrix Group (NASDAQ: GMGI) has announced it will rebrand as Meridian Holdings Inc., effective March 3, 2026. The Las Vegas-based international gaming operator will also implement a 1-for-12 reverse stock split and transition its Nasdaq ticker symbol from GMGI to MRDN.

The corporate restructuring was disclosed in a formal SEC filing on February 26, 2026. The company’s board of directors approved both the name change and share consolidation.

Rebrand reflects Meridianbet’s dominance

The decision to adopt the Meridian Holdings Inc. name reflects the growing prominence of Meridianbet, the group’s flagship online gaming and sports betting brand. Meridianbet operates across multiple regulated markets globally. It has become the most recognised name within the company’s portfolio.

By aligning its corporate identity with its strongest consumer-facing brand, the company aims to simplify its market positioning. The change also signals a strategic focus on scaling its core gaming platforms as the primary driver of growth.

The new CUSIP number will be 381098409. Shares are expected to begin trading on a post-split, post-name change basis on the Nasdaq Capital Market at market open on March 3, 2026.

The move echoes a broader trend in the iGaming sector. Earlier this year, SuperBet Group rebranded as Super Technologies in a similar effort to align its corporate identity with its strategic direction.

Reverse stock split

Alongside the rebrand, Golden Matrix Group is executing a reverse stock split at a ratio of 1-for-12. The consolidation will reduce outstanding shares of common stock from 151,692,749 to approximately 12,641,062. Authorised shares will also decrease from 300 million to 25 million.

The company stated the move is designed to raise the nominal share price. This will help ensure compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed companies to maintain a minimum closing bid price of $1.00 per share to retain their listing on the Nasdaq Capital Market.

The reverse stock split was approved by the board of directors without requiring stockholder approval. This was permitted under the Nevada Revised Statutes (NRS). Common stock carries a par value of $0.00001 per share.

“We believe that this Reverse Stock Split represents a strategic capital structure optimization that aligns GMGI with best practices for public companies as well as gaming industry standards,” said Rich Christensen, Chief Financial Officer of Golden Matrix Group.

“By consolidating our shares, we are bringing our capital structure in line with companies of our scale and revenue profile, while seeking to position GMGI to benefit from broader access to the capital markets, which our business fundamentals warrant,” Christensen added.

He further noted the company expects the reverse stock split to “address and satisfy the minimum bid requirements of Nasdaq, allowing our team to focus entirely on executing our growth strategy and delivering value to shareholders through our core gaming operations.”

What the rebrand means for the broader business

Golden Matrix Group describes itself as an international developer, licensor, and global operator of online gaming and ecommerce platforms, systems, and gaming content. The company has been expanding its footprint across regulated markets. Meridianbet serves as its primary vehicle for growth in sports betting and online casino operations.

The dual move positions Meridian Holdings Inc. to attract a broader pool of institutional investors. Many institutional funds and index inclusion criteria require minimum share price thresholds. A higher nominal stock price can also reduce volatility and improve liquidity profiles.

For existing shareholders, the reverse split does not change the total value of holdings. Each block of 12 pre-split shares converts into one post-split share at a proportionally higher price.

The transition to MRDN as a ticker symbol also provides clearer brand recognition on public markets. Investors scanning Nasdaq listings will now immediately associate the stock with the Meridianbet brand rather than the less widely known Golden Matrix name.

Looking ahead

The rebrand comes at a time when consolidation and brand clarity are increasingly valued across the global iGaming sector. Operators competing for market share in newly regulated jurisdictions benefit from streamlined corporate identities. These resonate with both consumers and institutional partners.

With the administrative changes set to take effect on March 3, the newly named Meridian Holdings Inc. will be positioned to pursue its expansion strategy under a unified brand. The company’s ability to translate improved capital markets positioning into sustained growth across its regulated gaming operations will determine whether this restructuring delivers long-term value for shareholders.

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