Summary of transactions
Anthony Brian Goodman - identified as a former director and former chief executive - and Luxor Capital LLC, a filing group disclosed as owning more than 10% of the company, reported selling Meridian Holdings Inc./NV (NASDAQ:MRDN) common stock in three separate blocks between March 17 and March 23, 2026. The combined sales totaled $175,945 and consisted of 19,500 shares traded at prices reported in the range of $8.54 to $9.67.
Breakdown of sales
- March 17: 5,500 shares sold at prices ranging from $9.05 to $9.75.
- March 20: 10,000 shares sold at prices ranging from $8.75 to $8.95.
- March 23: 4,000 shares sold at prices between $8.50 and $8.60.
Post-transaction holdings
Following the reported dispositions, Goodman and Luxor Capital are shown as continuing to own 578867 shares. Separately, Luxor Capital LLC - which the filing indicates is wholly-owned by Mr. Goodman - is reported to hold 808673 shares.
Market context
The reported insider sales took place while MRDN shares were under pressure. Over the prior week the stock had declined 12.6%, and at the time of reporting the share price was $7.51, below the prices in the March trades. Analysis noted on the platform referenced in the filing indicates Meridian appears on a Most Undervalued list and that the stock has fallen 68% over the past year.
Corporate and balance-sheet developments
Meridian Holdings has recently disclosed several material capital-structure actions. The company said it cut total debt by 37% through the end of the third quarter of 2025, bringing total debt to $25.9 million. Part of that reduction was achieved by prepaying a $7.2 million Senior Secured Promissory Note to Lind Global Asset Management; the company characterized the payment as a move away from dilutive financing mechanisms.
In addition, the company completed a corporate reorganization that included a 1-for-12 reverse stock split and a corporate name change from Golden Matrix Group, Inc. The reverse split reduced the number of outstanding shares from approximately 151.7 million to 12.6 million and lowered authorized shares from 300 million to 25 million. The company’s common stock now trades under the ticker MRDN.
Leadership appointments
The board also made management changes: William Scott was appointed president while continuing to serve as executive chairman and interim chief executive officer, and Rich Christensen was named treasurer.
This article reports the details contained in the filings and company disclosures described above and does not add information beyond those statements.