Golden Matrix Group Inc: Stock Repurchase Program Announcement

Overview of Golden Matrix Group Inc.

Golden Matrix Group Inc. (NASDAQ: GMGI), a prominent player in the online gaming and eCommerce sector, has made headlines with its recent announcement regarding a stock repurchase program. Based in Las Vegas, NV, the company operates both as a developer and licensor of gaming technology, catering to various international markets. With an impressive range of platforms and gaming systems, Golden Matrix is well-positioned in the competitive landscape of online gaming.

Stock Repurchase Program Details

On December 16, 2025, Golden Matrix’s Board of Directors authorized a stock repurchase program, allowing the company to buy back up to $3 million worth of its common stock. This decision reflects the Board’s belief that the company’s shares are currently undervalued. The repurchase program is set to expire on December 15, 2026, unless extended or discontinued earlier by management.

CFO’s Insights: Rich Christensen, the Chief Financial Officer, shared insights on the rationale behind this initiative. He emphasized that this repurchase program serves several strategic purposes:

• Increased Shareholder Value: By reducing the number of shares outstanding, the company aims to enhance earnings per share, which is a critical metric for investors.
• Tax Efficiency: Compared to dividends, stock buybacks provide a more tax-efficient method of returning capital to shareholders.
• Market Confidence: Repurchasing shares could also reduce market overhang and address short interest, thereby potentially stabilizing the stock price.

Execution of the Repurchase Program

The stock repurchase will be executed under management’s discretion in the open market or through negotiated transactions at prevailing market rates, adhering to federal securities laws. This flexibility allows the company to respond to varying market conditions effectively. The repurchased shares will subsequently be retired and returned to the treasury, thereby further reducing the share count.

Golden Matrix plans to fund this initiative utilizing its available working capital. As of September 30, 2025, the company had a total of 140,660,454 shares outstanding.

Strategic Implications

The decision to implement a stock buyback reflects a strong confidence in the company’s long-term growth prospects. Such initiatives can often signal to investors that the leadership team believes the company is in a solid financial position. Although this program may be subject to suspension or modification based on numerous factors—such as market conditions, liquidity, and alternative investment opportunities—the strategy is designed to enhance shareholder value over time.

About Golden Matrix’s Operations

Golden Matrix is not just a single entity but a multifaceted organization with both B2B and B2C operations. Its B2B model focuses on developing and licensing proprietary gaming platforms, serving a diverse client base across various markets. Meanwhile, the B2C side operates RKings Competitions, a popular eCommerce site allowing users to participate in paid competitions through its unique platform. Additionally, Golden Matrix owns MEXPLAY, a regulated online casino in Mexico, further diversifying its portfolio in the gaming sector.

In 2024, the company expanded its reach by acquiring Meridianbet Group, a leading online sports betting operator with licenses in multiple regions, including Europe, Africa, and South America, thereby enhancing its footprint in the global gaming market.

Forward-Looking Statements and Considerations

It’s essential to approach the announcement with an understanding of the inherent risks and forward-looking statements involved. The company has highlighted various factors that could impact its ability to conduct the stock repurchase program as planned. These include regulatory changes, market dynamics, and broader economic conditions, which are crucial for stakeholders to consider.

Golden Matrix has indicated that it will not commit to buying a specific number of shares and that the effectiveness of the program will depend on the conditions at the time.

Investor Communication and Engagement

For those interested in staying informed about Golden Matrix Group, the company actively engages with its community via social media platforms, including Twitter and Instagram.

Investors and stakeholders can direct inquiries to Rich Christensen, the CFO, through the company’s investor relations email for more detailed information.

In summary, Golden Matrix Group Inc.’s announcement of the stock repurchase program marks a strategic move aimed at enhancing shareholder value, reflecting a confidence in the company’s intrinsic worth, and signaling potential future growth as it navigates the dynamic landscape of the online gaming industry.