Corporate ActionApr 30, 2026, 04:29 PM
MRDN Completes 1-for-12 Reverse Stock Split, Name Change
AI Summary
Meridian Holdings Inc. (MRDN) completed a 1-for-12 reverse stock split and changed its name to Meridian Holdings Inc., both effective March 3, 2026. The company filed an amendment to its 2025 Form 10-K to include previously omitted Part III disclosures, covering directors, executive officers, corporate governance, executive compensation, security ownership, related transactions, and principal accountant fees. As of April 30, 2026, 12,669,479 common shares were outstanding post-split. The filing also detailed current executive officers, including William Scott as Interim CEO and Richard Christensen as CFO, and the Board of Directors structure.
Key Highlights
- 1-for-12 reverse stock split became effective on March 3, 2026.
- Company name changed to Meridian Holdings Inc. effective March 3, 2026.
- Filed Amendment No. 1 to 2025 Form 10-K to include omitted Part III disclosures.
- 12,669,479 common shares outstanding as of April 30, 2026, after the reverse split.
- William Scott serves as Interim CEO, President, and Chairman of the Board.
- Richard Christensen appointed Chief Financial Officer and Treasurer.
- Board of Directors includes William Scott, Murray G. Smith, Atul Bali, and Snežana Božović.
- Audit Committee comprises Murray G. Smith (Chairman) and Atul Bali.
Price Impact
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