Meridian Holdings Inc. (NASDAQ:MRDN), formerly Golden Matrix Group, Inc., announced today that its common stock has begun trading under the new ticker symbol "MRDN" on the Nasdaq Capital Market. The change, effective at market open on March 3, 2026, follows a corporate rebranding and a 1-for-12 reverse stock split approved by the company's board of directors under Nevada law.
As a result of the reverse split, every twelve shares of the company's common stock were consolidated into one share. This reduced the number of issued and outstanding shares from approximately 151.7 million to about 12.6 million. The authorized share count was also reduced from 300 million to 25 million. No fractional shares were issued; shareholders entitled to fractional shares will receive cash in lieu thereof based on the closing price on the trading day prior to the effective date.
Meridian Holdings, based in Las Vegas, Nevada, operates as an international developer, licensor, and global operator of online gaming and ecommerce platforms. The company's 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. Its B2B division includes Expanse Studios and GMAG, which develop and distribute proprietary gaming platforms to global clients. Other subsidiaries include RKings Competitions, a UK-based raffle business; Mexplay, a regulated online casino in Mexico; and Classics for a Cause, an Australian subscription-based lottery operator.
Additional details regarding the name change and reverse stock split are available in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC). Investors can find more information on the company's website at www.ir.meridianbet.com.
The rebranding and reverse split aim to position Meridian Holdings for future growth and enhance shareholder value. The company's software automatically declines any gaming or redemption requests from within the United States, in compliance with U.S. law.
