Golden Matrix Group Restructures Board and Leadership

Golden Matrix Group ( (GMGI) ) has shared an update.

Golden Matrix Group announced an Amended and Restated Nominating and Voting Agreement on January 29, 2025, involving its CEO Anthony Brian Goodman and Luxor Capital LLC, along with the former owners of Meridian Bet Group, which was acquired by Golden Matrix. This agreement restructured the board to consist of six members, with two appointed by the Sellers and four by the Company’s Nominating and Corporate Governance Committee. Additionally, amendments to the Bylaws were approved to reflect changes in board composition and director removal procedures. Concurrently, Board member and CFO Weiting (Cathy) Feng tendered her resignation on January 25, 2025, effective upon either a six-month notice or the appointment of a new CFO, while remaining as COO. These changes are expected to impact the company’s governance and operational dynamics.

More about Golden Matrix Group

Golden Matrix Group operates in the gaming and technology industry, focusing on providing advanced software and technology solutions. Its primary offerings include gaming platforms and systems, with a market focus on expanding its influence through strategic acquisitions and partnerships.

YTD Price Performance: -5.37%

Average Trading Volume: 122,924

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $253.9M

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