Golden Matrix Group, Inc. launches $5 million stock repurchase program

From GlobeNewswire: 2024-07-17 09:00:00

Golden Matrix Group Inc. announced a $5 million stock repurchase program to potentially benefit the company and shareholders. The program may help counteract short interest, mitigate market overhang, and enhance earnings per share. Shares will be repurchased in the open market or through negotiations. The program can be suspended or terminated depending on various factors, but does not obligate the company to purchase a specific number of shares. As of June 30, 2024, the company had 120,801,977 shares outstanding. Golden Matrix Group is a gaming technology company with a B2B division that develops gaming platforms and a B2C division that operates an eCommerce site for paid competitions. Through acquisition, the company owns Meridianbet Group, a well-established online sports betting and gaming group operating in multiple countries. The company’s forward-looking statements address potential risks and factors that may affect future performance and outcomes.



Read more at GlobeNewswire: Golden Matrix Group, Inc. Announces Authorization of Stock