Galaxy Gaming cancels all 778,320 warrants for $1.2M, eliminating ~3% dilution

Galaxy Gaming, Inc.

Cancelled 778,320 warrants held by Fortress affiliates (Drawbridge, Fortress Lending, Fortress Fund) on Aug 12, 2026.
Paid ~$1.2M cash from hand; warrants had $0.01 exercise price and were issued under 2021 Fortress term loan.
Transaction eliminates all outstanding warrants, reducing fully diluted share count by ~3%.
Applied against $4.0M buyback authorization; ~$2.3M remains after July 31 repurchase of 330,758 shares.
CEO Matt Reback cites simplified capital structure and reduced potential dilution.

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