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
For further details see:
Golden Matrix stock jumps after co revises its purchase agreement with MeridianBet