Golden Matrix Group (GMGI) Registration Filing summary

Company overview and business model

• Operates online sports betting, online casino, and gaming in over 15 jurisdictions across Europe, Africa, and the Americas, with a significant presence in both online and retail betting shops.

• Provides enterprise SaaS solutions for iGaming operators and pay-to-enter prize competitions in the UK.

• Employs approximately 1,100 personnel and manages about 700 betting shops, with a mix of company-owned and franchised locations.

• B2B segment develops proprietary gaming platforms for international customers, especially in the Asia Pacific region.

• Recently completed the acquisition of MeridianBet Group, expanding its operational footprint and aligning fiscal year end with the acquired entity.

Financial performance and metrics

• As of August 29, 2024, 121,678,617 shares of common stock are outstanding, with up to 129,285,760 shares to be outstanding after the offering.

• The offering includes 7,607,143 shares issuable upon conversion of a $12,000,000 Senior Secured Convertible Promissory Note and exercise of warrants.

Use of proceeds and capital allocation

• Proceeds from the Senior Convertible Note and Warrants are allocated for acquisition costs and future acquisitions.

• Any proceeds from the exercise of warrants (if exercised for cash) will be used for general working capital.

• The company will not receive proceeds from the resale of shares by the selling stockholder.