Meridian Holdings extends MeridianBet seller notes to 2031, shifts financial officer role
Meridian Holdings agreed on September 28, 2026 to defer the final $625,672 of an acquisition payment owed to the former MeridianBet owners to November 1, 2031, and to extend $15 million of promissory notes to the same date without interest unless a default occurs. On October 2, 2026, the board named Zhe 'Scott' Yan as principal financial and principal accounting officer, while William Scott remains President, CFO, Treasurer and Chairman.
Key points
- Tenth Amendment (effective September 28, 2026): $10 million of the 12-month payment and $9,374,328 of the 18-month payment are confirmed as paid; $625,672 remains due by November 1, 2031, with no interest.
- Second Notes Amendment: the $15 million promissory notes are extended to November 1, 2031, stop accruing interest unless an event of default occurs, and no longer require monthly interest payments.
- October 2, 2026: Zhe 'Scott' Yan, the company's financial accounting manager, becomes Chief Accounting Officer, Principal Financial Officer and Principal Accounting Officer; William Scott stops serving as PFO and PAO.
- Yan's expected salary is 280,000 Australian dollars per year; the filing also says Milosevic's base salary was cut from $396,000 to $216,000 effective January 1, 2026.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.