# Golden Matrix insider Aleksandar Milovanović reports conversion of $500,000 post-closing cash consideration into common stock

- Link: https://www.directorstalkinterviews.com/golden-matrix-insider-aleksandar-milovanovic-reports-conversion-of-500000-post-closing-cash-consideration-into-common-stock/4121217285
- Published: 2025-09-22T08:21:41+01:00
- Author: Amilia Stone

> **Golden Matrix Group, Inc.** (NASDAQ:GMGI), a developer and operator of online
> gaming platforms, has announced the details of insider equity conversions pursuant
> to the previously disclosed Post-Closing Cash Conversion Agreement, part of the
> Sale and Purchase Agreement for MeridianBet. To date:
>  * $300,000 of post-closing consideration has been satisfied through share conversions.
>  * An additional $500,000 is being converted in five tranches, three of which 
>    have already been completed in September:
> $100,000 at $1.23 → 81,300 restricted shares (effective August 29, 2025),$100,000
> at $1.02 → 98,039 restricted shares (effective September 5, 2025),$100,000 at 
> $1.01 → 99,009 restricted shares (September 12, 2025).Two further $100,000 tranches
> are scheduled for September 19 and September 26, 2025, at the respective closing
> prices on those dates. Following the completion of these conversions, approximately
> $9.2 million of the original $10 million post-closing obligation will remain payable
> in October 2025, consistent with the terms of the agreement.

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