LONDON – Golden Rock Global plc (LSE:GCG) has entered into non-binding, conditional, exclusive Heads of Terms for the proposed acquisition of SSS Matrix Corp., the company announced Thursday.
Trading of Golden Rock’s shares has been temporarily suspended on the London Stock Exchange effective 7:30 a.m. Thursday, as the company is currently unable to provide full disclosure about the target company and assess its financial position accurately.
The proposed deal would be satisfied through the issuance of new Golden Rock shares. Upon completion, Golden Rock intends to seek admission of its enlarged share capital to the Equity shares (commercial companies) category of the Official List and to trading on the Main Market.
SSS Matrix is described as a technology group operating in applied AI, commodity market and supply chain management, blockchain-based digital finance and payment systems. The company reportedly expanded its business in the second half of 2025.
Under the proposed terms, Golden Rock would acquire the entire issued share capital of SSS Matrix. Any shares issued to SSS Matrix’s principal shareholders and executives joining Golden Rock’s board would be subject to a 12-month lock-up period following completion.
The acquisition remains subject to several conditions, including satisfactory due diligence, regulatory approvals, FCA approval of a prospectus, completion of equity fundraising, and waiver of rule 9 of the Takeover Code by independent shareholders.
Paul Carroll, Chairman of Golden Rock Global, stated in the press release: “We are delighted to announce our arrangement with SSS Matrix. We are extremely impressed with the group’s historical and continued success.”
The suspension will remain in effect until Golden Rock publishes a prospectus for the acquisition or, if the deal falls through, applies for the suspension to be lifted.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
