GMGI - Golden Matrix stock jumps after co revises its purchase agreement with MeridianBet

2023-06-30 11:26:25 ET

• Golden Matrix Group ( NASDAQ: GMGI ) said on Friday that it had revised its agreement to acquire MeridianBet Group.
• GMGI shares jump +22.5% .
• Under revised agreement, GMGI now has to pay $30M, instead of $50M, at the closing of the transaction.
• Revised cash and stock deal now has a value of ~$331M.
• Revised agreement also extends the closing date for the deal.
• The company said it is working towards securing the financing needed to close the transaction.
• Press Release

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