---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-353324"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2026-08-17T13:15:06+00:00"
generated_at: "2026-08-17T13:16:24.719477+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-353324
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2026-08-17T13:15:06+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000119312526353324/0001193125-26-353324-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000119312526353324/d417289d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-353324
- JSON: https://secwatch.observer/filing/0001193125-26-353324.json
- Plain text: https://secwatch.observer/filing/0001193125-26-353324.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.