Golden Matrix Group Approves 1-For-12 Reverse Stock Split And Rebrand To Meridian Holdings, Effective March 3, 2026

On February 26, 2026, Golden Matrix Group, Inc. (the "Company") issued a press release disclosing that the Company's board of directors has approved a reverse stock split (the "Reverse Stock Split") of its common stock, par value $0.00001 per share ("Common Stock") at a ratio of 1-for-12 and a name change to "Meridian Holdings Inc." (the "Name Change"). The Reverse Stock Split is expected to raise the nominal price of GMGI shares to ensure compliance with the minimum bid requirements set forth in Nasdaq Listing Rule 5550(a)(2) and to help strengthen the Company's capital markets positioning.