Golden Matrix Group Insider Aleksandar Milovanović Reports Conversion of $500,000 Post-Closing Cash Consideration Into Common Stock

Golden Matrix Group, Inc. (NASDAQ: GMGI), a developer and operator of online gaming platforms, today 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.

Golden Matrix Group, Inc. (NASDAQ: GMGI), a developer and operator of online gaming platforms, today 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.