Golden Matrix Group Authorizes $3 Million Stock Repurchase Program

Golden Matrix Group Inc. announced its Board of Directors has authorized the repurchase of up to $3 million of the company's common stock. The program is scheduled to expire on December 15, 2026, unless extended or discontinued earlier by the board.

Chief Financial Officer Rich Christensen stated the company believes its shares are trading at a significant discount to intrinsic value. "This repurchase program represents a disciplined and highly attractive use of capital," Christensen said. "By reducing market overhang, addressing short interest, and repurchasing shares at current price levels, we are confident this initiative will enhance long-term shareholder returns."

The program provides a more tax-efficient method of returning capital compared to dividends while driving earnings-per-share accretion, according to company leadership. This move underscores management's conviction in Golden Matrix's future performance and represents a strategic allocation of corporate resources.

Under the stock repurchase program, shares may be repurchased from time to time in the open market or through negotiated transactions at prevailing market rates. Repurchases will be made at management's discretion when prices are considered attractive and in the best interests of both the company and its stockholders. These decisions will consider the availability of shares, general market conditions, the trading price of common stock, alternative uses for capital, and the company's financial performance.

Open market purchases are expected to be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934 and other applicable laws and regulations. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the company might otherwise be precluded from doing so under insider trading laws.

The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The program does not obligate the company to purchase any number of shares, and there is no guarantee as to the exact number or value of shares that will be repurchased.

The repurchase program is expected to be funded using the company's working capital. As of September 30, 2025, the company had 140,660,454 shares of common stock issued and outstanding. All shares purchased under the stock repurchase program will be retired and returned to treasury.

This announcement is significant for investors as it represents management's assessment that the company's stock is undervalued in the market. Stock buyback programs typically signal confidence in a company's financial health and future prospects, as they reduce the number of outstanding shares, potentially increasing earnings per share and shareholder value. For the gaming technology industry, such moves by established companies like Golden Matrix may indicate broader trends in capital allocation strategies amid market volatility.

The company's forward-looking statements and risk factors are detailed in its publicly-filed reports available at https://www.sec.gov. These documents provide important context about potential factors that could affect the implementation and outcomes of the repurchase program.