Galaxy Gaming, Inc. 8K

Galaxy Gaming’s planned merger with Evolution has been terminated, triggering a $5.23 million termination fee payable to Galaxy.

Galaxy Gaming, Inc. announced that Evolution Malta Holding Limited has terminated the previously announced Agreement and Plan of Merger dated July 18, 2024 among Galaxy, Evolution, and Galaga Merger Sub, Inc., thereby ending the planned acquisition; under the terms of the Merger Agreement, Evolution is obligated to pay Galaxy a termination fee of $5,234,678 within two business days of the termination date, while Galaxy’s CEO emphasized the company’s intention to continue pursuing independent growth and acknowledged potential risks and disruptions associated with the termination.

Filing Facts

CIK

13156

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-310570

Alert Tier

8