X0508 4 2025-04-09-05:00 false 0001437925 Golden Matrix Group, Inc. GMGI 0002016463 Milovanovic Aleksandar MERIDIAN TECH D.O.O. BULEVAR MIHAJLA PUPINA 10B NOVI BEOGRAD Z2 11070 SERBIA false false true true Member of 10% Reporting Group false Common Stock 2025-04-09-05:00 4 J false 4843826 1.95 A 84311703 D On April 9, 2025, the Issuer and the Reporting Person entered into a Post-Closing Cash Consideration Conversion Agreement dated April 9, 2025, pursuant to which the Issuer and the Reporting Person agreed to convert $9,445,460 of 12 Month Non-Contingent Post-Closing Cash Consideration owed to the Reporting Person by the Issuer under that certain Amended and Restated Sale and Purchase Agreement of Share Capital dated June 27, 2023, as amended from time to time, into 4,843,826 shares of common stock of the Issuer, based on a conversion price of $1.95 per share. Excludes shares of common stock relating to the voting group described below under "Remarks". By virtue of being party to an Amended and Restated Nominating and Voting Agreement, dated as of January 29, 2025 (the "Voting Agreement"), the Reporting Person, may be deemed to be a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to the securities reported herein, with the other parties who are bound by the Voting Agreement and their control persons, which such "group" beneficially owns, in the aggregate, more than 10% of the outstanding shares of common stock of the Issuer. The parties to the Voting Agreement are the Issuer, Anthony Brian Goodman, the Issuer's Chief Executive Officer and director, Luxor Capital LLC, which is owned and controlled by Mr. Goodman, Aleksandar Milovanovic, Zoran Milosevic and Snezana Bozovic. The Reporting Person disclaims beneficial ownership of any securities owned by any of the other signatories to the Voting Agreement (and/or their control persons) and the filing of this Form 4 shall not be deemed an admission, for purposes of Section 16 of the Exchange Act or otherwise, that the Reporting Person and any other person or persons constitute a "group" for purposes of Section 13(d)(3) of the Exchange Act or Rule 13d-5 thereunder. In addition, the Reporting Person does not have any pecuniary interest in any of the securities beneficially owned by any of the other signatories to the Voting Agreement (and/or their control persons). For a description of the Voting Agreement, see the Current Report on Form 8-K filed by the Issuer with the United States Securities and Exchange Commission on January 30, 2025. /s/ Aleksandar Milovanovic 2025-04-11-05:00