Golden Matrix Group's Subsidiary Converts Debt into Equity, Strengthening Balance Sheet

NewsRamp Gambling & Betting Podcast
14/04/2025 2 min

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Episode Synopsis

Golden Matrix Group's subsidiary, Meridianbet, has converted $9,570,460 in debt into equity, reducing the remaining balance owed to the founders to $250,000. This move demonstrates the founders' confidence in GMGI's performance and future growth. The CEO believes that this conversion sends a strong message to shareholders and the market, aligning with GMGI's long-term growth strategy. The transaction details can be found in the filed Current Report on Form 8-K.

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