secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2026-07-30T01:58:40+00:00
Accession:  0001193125-26-324517
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Galaxy Gaming amends credit agreement to allow up to $4M stock repurchase using merger termination fee
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- Amendment permits repurchase of up to $4M of common stock using $5.23M termination fee from terminated Evolution merger.
- Conditions: minimum $5M unencumbered liquid assets after repurchase, compliance with financial covenants, no default.
- Fixed Charge Coverage Ratio covenant amended; financial reporting deadlines aligned with SEC filing dates.
- Repurchases must be completed by January 6, 2028; sole source of funds is the termination fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000119312526324517/0001193125-26-324517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000119312526324517/d58669d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-324517

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