Meridian Holdings Inc. Begins Trading Under New Ticker MRDN Following Corporate Rebranding

Meridian Holdings Inc. announced the commencement of trading of its common stock under the new ticker symbol MRDN on a post-1-for-12 reverse split, name-change basis effective March 3, 2026. The corporate rebranding from Golden Matrix Group, Inc. to Meridian Holdings Inc. represents a strategic alignment with the company's international gaming and ecommerce operations. The company's shares now trade under the new ticker symbol MRDN with a new CUSIP number of 381098409, with additional details available in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission.

The reverse stock split resulted in every twelve shares of common stock being reclassified into one new share, reducing issued and outstanding shares from 151,692,749 to approximately 12,641,062. Authorized shares of common stock decreased from 300,000,000 to 25,000,000 shares. The reverse stock split was approved by the Board of Directors pursuant to Nevada Revised Statutes, with no stockholder approval required. 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 as reported on the Nasdaq Capital Market.

This corporate restructuring matters because it positions Meridian Holdings Inc. as a consolidated entity with a clearer market identity following its evolution from Golden Matrix Group. The reduced share count and new trading symbol reflect the company's maturation as an established B2B and B2C gaming technology company operating across multiple international markets. The rebranding aligns with the company's diversified operations, including its B2C division 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, comprised of game developer Expanse Studios and iGaming platform GMAG, develops, licenses and distributes proprietary gaming platforms to global clients. Other subsidiaries include RKings Competitions, a high-volume 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 maintains strict compliance with U.S. law through software that automatically declines gaming or redemption requests from within the United States. For more information about the company's operations and structure, visit https://www.ir.meridianbet.com.

The transition to MRDN trading represents more than a symbolic change, as it consolidates the company's various gaming operations under a unified corporate identity while potentially improving stock liquidity through the reverse split. This move follows industry trends where gaming technology companies streamline their corporate structures to better reflect their operational scope and market positioning. The timing coincides with continued growth in international online gaming markets, particularly in regions where Meridian Holdings maintains licensing and operational presence.