SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Golden Matrix Group, Inc. (Nasdaq – GMGI)

BALA CYNWYD – January 13, 2023 /Newsfile/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Golden Matrix Group, Inc. (“Golden Matrix” or the “Company”) (Nasdaq – GMGI) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to acquire MeridianBet Group. Under the terms of the agreement, Golden Matrix will acquire MeridianBet Group and its related companies in a cash and stock transaction valued at approximately $300 million (the “Acquisition”). The purchase price payable to MeridianBet Group shareholders will be satisfied by the issuance to MeridianBet stockholders of approximately 65.3 million common shares of GMGI, based on an agreed price of $3.50 per share, and $70 million in cash.

The investigation concerns whether the Golden Matrix Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to Golden Matrix shareholders in the combined company.

If you own shares of Golden Matrix stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.