Aleksandar Milovanović, founder and largest shareholder of MeridianBet, has completed a $500,000 cash to equity conversion under a post closing agreement with the parent company. This move converts part of his deferred cash consideration from the MeridianBet acquisition into common stock. The transaction signals continued alignment between the seller and the buyer as the integration of MeridianBet proceeds.
Impact On Ownership And Integration
When Golden Matrix acquired MeridianBet, the sellers led by Milovanović were set to receive a mix of cash, equity, and contingent payments under the purchase agreement. Instead of waiting for further cash payouts, Milovanović has agreed to swap a portion of that deferred cash into immediate equity. The exact number of shares issued is based on the conversion terms outlined in the agreement.
This conversion reduces liquidity pressure on the buyer while increasing Milovanović’s stake in the combined entity. It also demonstrates confidence in the long term business outlook. From a corporate control perspective, consolidating equity with sellers helps strengthen governance and align incentives during the post deal integration period.
At the time of the acquisition, Milovanović already held a dominant share among the sellers, and this new equity commitment further secures his influence. For Golden Matrix, the transaction eases near term cash obligations while preserving momentum in integrating MeridianBet into its broader portfolio.
Milovanović’s decision to turn $500,000 in cash into shares is more than a financial adjustment. It is a signal of strong belief in the future of the group and a practical step that streamlines the path forward.
