Golden Matrix Group (NASDAQ: GMGI), a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets, today announced its participation in the global coalition initiative for flood relief efforts in Rio Grande do Sul, Brazil.

This partnership aims to provide substantial support to the communities in this Brazilian state that have been most devastated by the recent severe flooding.

This initiative is part of the gaming industry’s larger collaboration with local NGOs and humanitarian organizations, marking a significant expansion of our intensive CSR efforts, which saw over 225 community impact campaigns last year alone, primarily through the actions of its subsidiary Meridianbet.

Advertisement

The past week has witnessed unprecedented rainfall in Rio Grande do Sul, turning streets into rivers and isolating entire towns. The current situation remains dire, with hundreds of individuals still unaccounted for, while rescue operations have successfully evacuated over 200,000 residents using boats and helicopters.

The floods have wreaked havoc on infrastructure, with numerous bridges destroyed, severely disrupting access to Porto Alegre. The aftermath of the disaster has also led to looting in supermarkets during the night, adding to the urgency of the relief efforts.

Golden Matrix Group invites its stakeholders and the global community to contribute to this cause.

About Golden Matrix Group

Golden Matrix Group, based in Las Vegas, Nevada, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of MeridianBet, a well-established and B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations.

Advertisement

Gaming Innovation Group Inc. (GiG) has today issued 2,176,941 new shares of its common stock. The new shares are issued by the Board of Directors under the Company’s 150,000,000 authorized shares, and the Company confirms that the new shares have been duly authorized by all necessary corporate actions and that the new shares have been fully paid and validly issued. The Company’s share capital has increased from USD 129,003,161 to USD 131,180,102, and the number of outstanding shares has increased from 129,003,161 to 131,180,102 (par value USD 1.00). In addition, a total of 1,432,500 options are outstanding as of today.

The 2,176,941 new shares were distributed as follows:

823,897 new shares have been issued in connection with the acquisition of KaFe Rocks Ltd., ref. announcements from GiG on 7 November 2023 and 21 December 2023. Under the Share Purchase Agreement, GiG were obligated to issue EUR 2.5 million in shares to the sellers, pending specific operational cost savings targets being met by year-end 2023. The targets were met, and the sellers are entitled to extra payment, where the number of shares is based on a 30-day VWAP of the GiG share at the time of closing (NOK 30.11).

Advertisement

982,694 new shares have been issued in connection with the option program entered into in connection with the acquisition of Sportnco Gaming SAS (“Sportnco”), ref.  Exemption Document dated 13 July 2022., whereby key employees in Sportnco, contingent on continued employment, will receive shares in the Company at EUR 2.11 (NOK 24.80) per share.

370,350 new shares have been issued in connection with exercise of options, whereof 319,000 shares at a share price of NOK 15.00 and 51,350 at a share price of NOK 22.00 per share.