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.

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

• Recently completed the acquisition of MeridianBet Group, expanding its international footprint.

Financial performance and metrics

• Aggregate market value of outstanding common stock held by non-affiliates is approximately $44.1 million as of May 2, 2025.

• Net tangible book value as of December 31, 2024, was ($26.3 million), or ($0.20) per share; pro forma net tangible book value after debt conversions was ($15.1 million), or ($0.11) per share.

• After the offering, pro forma net tangible book value would be approximately ($1.0 million), or ($0.01) per share, with immediate dilution of $1.95 per share to new investors at an assumed offering price of $1.94.

Use of proceeds and capital allocation

• Net proceeds from the offering will be used for working capital, general corporate purposes, and capital expenditures.

• May use a portion of proceeds for acquisitions or investments in complementary businesses, though no current commitments exist.

• Pending use, proceeds may be invested in short-term, interest-bearing instruments.