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LAS VEGAS – Golden Matrix Group Inc. (NASDAQ:GMGI), a developer and operator of online gaming and e-commerce platforms, today announced that its shareholders have given the go-ahead to acquire MeridianBet Group. The decision was taken at a special general meeting, where shareholders representing 73.5% of the voting shares expressed support for the transaction.
Approval of the terms of the amended and restated purchase and sale agreement dated June 27, 2023 moves Golden Matrix closer to acquiring Meridianbet Group, which CEO Brian Goodman said will strengthen the company's business and global presence. I believe that the sentiment will expand significantly.
The acquisition remains subject to certain closing conditions, including the requirement that Golden Matrix secure sufficient financing. The Company is actively working to meet these conditions and expects to complete the transaction in April 2024.
Golden Matrix Group, headquartered in Las Vegas, Nevada, has extensive international reach through its B2B division, which develops and licenses gaming platforms, and its B2C division, RKings, which operates high-traffic e-commerce sites. Masu. The company also manages his MEXPLAY, a regulated online casino in Mexico, in strict compliance with US laws that prohibit game requests from within the United States.
Details of the transaction, including the final voting results, have been filed with the U.S. Securities and Exchange Commission and are available in the current report on Form 8-K.
The Company's forward-looking statements indicate its strategic expectations for post-acquisition growth and expansion. However, these statements are subject to various risks and conditions, including regulatory approvals and the ability to obtain necessary financing.
This news is based on a press release statement and reflects the company's current expectations that the acquisition could enhance its business operations and market reach.
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