Golden Matrix Group Inc. announced its Board of Directors has authorized a stock repurchase program for up to $3 million of the company's common shares, scheduled to expire on December 15, 2026, unless extended or discontinued earlier. The company, an international developer and operator of online gaming and eCommerce platforms, stated the program reflects management's belief that shares are trading at a significant discount to intrinsic value.
Chief Financial Officer Rich Christensen explained the strategic rationale, stating the repurchase represents a disciplined use of capital designed to reduce market overhang, address short interest, and enhance long-term shareholder returns. He noted this approach provides a more tax-efficient method of returning capital compared to dividends while driving earnings-per-share accretion. The company's working capital will fund the repurchases, with all purchased shares to be retired and returned to treasury.
Under the program, shares may be repurchased through open market transactions or negotiated deals at management's discretion, subject to market conditions, trading prices, and alternative capital uses. Purchases will comply with Rule 10b-18 of the Securities Exchange Act of 1934 and may utilize Rule 10b5-1 plans to continue repurchases during periods when the company might otherwise be restricted. The program may be suspended, terminated, or modified at any time based on market conditions, liquidity, and other factors, with no guarantee regarding the exact number or value of shares repurchased.
As of September 30, 2025, Golden Matrix had 140,660,454 shares of common stock issued and outstanding. The company operates across multiple international markets through its B2B and B2C divisions, including RKings Competitions and MEXPLAY, and acquired Meridianbet Group in 2024. The announcement includes forward-looking statements subject to risks detailed in the company's SEC filings, available at https://www.sec.gov.
For business and technology leaders, this repurchase program signals management's confidence in Golden Matrix's financial position and future prospects within the competitive online gaming sector. The move could potentially stabilize the stock price, improve financial metrics, and demonstrate strategic capital allocation during market volatility. The program's structure allows flexibility while aiming to deliver shareholder value through a method increasingly favored by companies seeking to optimize their capital structures without dividend commitments.
