Overview of the transactions
Investment firm Luxor Capital LLC, which is wholly owned by Anthony Brian Goodman, reported two sales of Meridian Holdings Inc./NV common stock (NASDAQ: MRDN). The firm sold a total of 1,254 shares across transactions executed on March 31 and April 7, 2026, for aggregate proceeds of $8,739. The per-share prices ranged from $6.90 to $7.25; the March 31 trade comprised 248 shares at $7.25 each and the April 7 trade comprised 1,006 shares at $6.90 each.
Post-transaction holding and market context
After these dispositions, Luxor Capital LLC retained a direct holding of 808,673 Meridian shares. At the time of reporting, Meridian's stock quoted at $7.32 and has declined by nearly 70% over the prior 12 months.
Valuation note from InvestingPro
InvestingPro's assessment, referenced in available materials, indicates that Meridian appears undervalued relative to its Fair Value calculation. The platform advertises a detailed analysis and an additional eight ProTips for MRDN for subscribers seeking further valuation context.
Recent operating performance and analyst action
Meridian announced fourth-quarter 2025 results that fell short of expectations, with management attributing the shortfall primarily to weaker sports betting margins and unfavorable foreign exchange impacts. In response to these results, Freedom Broker lowered its price target on Meridian Waste Solutions from $21.60 to $17.00 while preserving a Buy rating. The brokerage highlighted the company's strategic emphasis on quality over volume and a more conservative view on margins as Meridian invests for growth.
Balance sheet moves and capital strategy
Through the third quarter of 2025 Meridian reduced total debt by 37%, a contraction equivalent to $25.9 million. Part of that reduction included prepaying a $7.2 million Senior Secured Promissory Note, a step noted as signaling a move away from dilutive financing models.
Corporate restructuring and leadership changes
The company completed a rebranding and corporate restructuring that included changing its name from Golden Matrix Group to Meridian Holdings and implementing a 1-for-12 reverse stock split. Outstanding shares decreased from approximately 151.7 million to 12.6 million, and the equity now trades under the MRDN ticker. Meridian also made executive appointments: William Scott was named president while Rich Christensen took the role of treasurer. William Scott will continue as executive chairman and serve as interim chief executive officer.
This article presents reported transactions and company disclosures. It does not add or infer information beyond the disclosed facts.