TinyGemsBreaks – Golden Matrix Group Inc.’s (NASDAQ: GMGI) Announces $10M Investment from the Lind Partners

July 5, 2024 11:31:30

Golden Matrix (NASDAQ: GMGI), a leading developer and licensor of online gaming platforms, systems and gaming content, has closed on a funding agreement with Lind Global Asset Management VIII LLC, an investment fund managed by the Lind Partners, a New York-based institutional fund manager. The agreement is for $10 million in gross proceeds, which will strengthen the company’s financial position and provide significant growth capital. The Lind Partners made the investment because company officials believe Golden Matrix is well positioned for growth. According to the announcement, the agreement involved the Lind Partners purchasing a $12 million senior convertible note and a common stock purchase warrant to acquire up to 750,000 common stock shares of Golden Matrix. “We are very pleased to have the Lind Partners invest in the company,” said Golden Matric CEO Brian Goodman in the press release. “The proceeds from this investment will put Golden Matrix in a strong financial position for continued expansion and enable us to identify and make strategic acquisitions in the future.”

To view the full press release, visit https://ibn.fm/e4FG0

About Golden Matrix Group Inc.

Golden Matrix Group, based in Las Vegas, Nevada, is a leading business-to-business (“B2B”) and business-to-consumer (“B2C”) gaming technology company operating globally across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients. Its B2C division, RKings, 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. Founded in 2001, the MeridianBet Group is a well-established online sports betting and gaming group, licensed and currently operating in 15 jurisdictions across Europe, Africa and South America. The MeridianBet Group’s successful business model utilizes proprietary technology and scalable systems, thus allowing it to operate in multiple countries and currencies and with an omni-channel approach to markets, including retail, desktop online and mobile. The company’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current U.S. law. For more information about the company, visit www.GoldenMatrix.com.

NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

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