Meridian Holdings Inc. announced the commencement of trading of its common stock under the new ticker symbol MRDN on the NASDAQ Capital Market effective March 3, 2026. The change follows the company's corporate rebranding from Golden Matrix Group, Inc. and accompanies a 1-for-12 reverse stock split of its common shares. The company's shares now trade with a new CUSIP number of 381098409.
The reverse stock split reduced the number of issued and outstanding shares from 151,692,749 to approximately 12,641,062 shares. The number of authorized shares was similarly reduced from 300,000,000 to 25,000,000 shares. According to the company's announcement, the reverse split was approved by the Board of Directors without requiring stockholder approval under Nevada Revised Statutes. Stockholders who would otherwise receive fractional shares will instead receive cash based on the closing sale price of the common stock on the trading day immediately prior to the effective time.
Meridian Holdings operates as an international developer, licensor, and global operator of online gaming and ecommerce platforms. The company maintains both B2B and B2C divisions across multiple international markets. Its B2C division is represented by Meridianbet Group, a leading online sports betting and gaming operator licensed in multiple jurisdictions across Europe, Africa, and South America. The company's B2B division includes game developer Expanse Studios and iGaming platform GMAG, which develop, license, and distribute proprietary gaming platforms to global clients.
Additional subsidiaries include RKings Competitions, a UK-based raffle ticket business; Mexplay, a regulated online casino in Mexico; and Classics for a Cause, Australia's leading 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 maintain compliance with current U.S. law. Additional information regarding the name change and reverse stock split is available in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission.
For business leaders and technology investors, this corporate rebranding and structural change represents more than a simple name change. The transition from Golden Matrix Group to Meridian Holdings with the new MRDN ticker symbol signals strategic repositioning in the competitive international gaming technology sector. The reverse stock split typically aims to increase per-share value and improve market perception, potentially making the stock more attractive to institutional investors who may have minimum price requirements for portfolio inclusion.
The company's diversified operations across B2B and B2C segments in regulated international markets positions it to capitalize on the growing global online gaming industry while navigating complex regulatory environments. The timing of this rebranding coincides with increasing consolidation and maturation in the gaming technology sector, where clear corporate identity and market positioning can significantly impact investor confidence and business partnerships. The company maintains an investor relations website at https://www.ir.meridianbet.com for those seeking additional corporate information.
