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Golden Matrix Group, Inc. to acquire controlling interest in Australian-Based Classics for a Cause

PUBLIC · MRDNAug 20, 2024

Acquiring Company

Meridian

Acquired Company

Classics for a Cause Pty Ltd

Las VegasBrisbaneSoftwareMedia And EntertainmentReal EstateGamingE Commerce

Description

Golden Matrix Group, Inc. (Nasdaq: GMGI) has entered into a definitive agreement to acquire an 80% controlling interest in Classics for a Cause Pty Ltd (CFAC), a leading independent online discount platform in Australia. This strategic acquisition aligns with GMGI’s expansion strategy and positions the company in the consumer loyalty and rewards industry, providing opportunities for global growth and enhanced profitability.

Quick answer

Meridian is acquiring Classics for a Cause Pty Ltd, announced August 20, 2024. Meridian is based in Las Vegas, Nevada, United States.

How much did Meridian pay for Classics for a Cause Pty Ltd?
The deal value was not disclosed.
What does Meridian do?
Meridian is a decentralized liquidity marketplace and liquid staking protocol natively built on Movement, enabling users to seamlessly trade and earn with their assets.
Where are Meridian and Classics for a Cause Pty Ltd based?
Meridian is based in Las Vegas, Nevada, United States. Classics for a Cause Pty Ltd is based in Brisbane, Queensland, Australia.
Who are the decision-makers at Meridian?
Fundz holds 2 contacts at Meridian. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Meridian

Location

3651 Lindell Road

Las Vegas, Nevada, United States

About

Meridian is a decentralized liquidity marketplace and liquid staking protocol natively built on Movement, enabling users to seamlessly trade and earn with their assets. By providing a secure and efficient platform for DeFi activities, Meridian aims to become the cornerstone of the Move-based financial ecosystem. The protocol is designed to enhance liquidity and yield opportunities, showcasing the advantages of Move-based smart contracts. Meridian positions itself as a central hub for liquidity and yield within the Movement ecosystem.

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Frequently asked

Who acquired Classics for a Cause Pty Ltd?

Classics for a Cause Pty Ltd was acquired by Meridian, based in Las Vegas. The deal was reported on August 20, 2024. Meridian is a decentralized liquidity marketplace and liquid staking protocol natively built on Movement, enabling users to seamlessly trade and earn with their assets. Meridian is publicly traded (MRDN) and operates in Software.

When did Meridian acquire Classics for a Cause Pty Ltd?

Meridian's acquisition of Classics for a Cause Pty Ltd was reported on August 20, 2024. Golden Matrix Group, Inc. (Nasdaq: GMGI) has entered into a definitive agreement to acquire an 80% controlling interest in Classics for a Cause Pty Ltd (CFAC), a leading independent online discount platform in Australia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Classics for a Cause Pty Ltd do?

Classics for a Cause is an Australian business that has been successfully acquired by Golden Matrix Group Inc. It is privately held, operating in E Commerce, and is based in Brisbane.

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