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Meridianbet Founder and Golden Matrix's Largest Shareholder Aleksandar Milovanovic Completes $8 Million Cash-to-Equity Conversion Under Post-Closing Agreement with Company
Globenewswire· 2025-11-28 17:30
VALLETTA, Malta and LAS VEGAS, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Aleksandar Milovanović, founder and largest shareholder of Meridianbet, has elected to convert $8 million of cash consideration owed to him into equity, further strengthening the Company's balance sheet and demonstrating strong conviction in Golden Matrix's long-term growth trajectory. Under the terms of the conversion agreement Mr. Milovanovic voluntarily converted $8 million of 18-Month Non-Contingent Post-Closing Cash Consideration into 8 m ...