---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-011272"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2022-03-22T23:59:59+00:00"
generated_at: "2026-06-26T20:39:23.374061+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming obtains waiver for credit agreement default on Isle of Man account limits

## Summary
- Default occurred due to Isle of Man deposit accounts exceeding $1M in Nov 2021, Dec 2021, Jan 2022, and Feb 2022; now cured.
- Required Lenders waived the Existing Default for the Specified Compliance Periods; no other credit agreement terms modified.
- Company represented no other Defaults or Events of Default are continuing, and released lenders from claims arising before waiver.
- Credit Agreement remains in full force and effect; future compliance required.

## SEC filing metadata
- accession: 0001564590-22-011272
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2022-03-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000156459022011272/0001564590-22-011272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000156459022011272/glxz-8k_20220316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-011272
- JSON: https://secwatch.observer/filing/0001564590-22-011272.json
- Plain text: https://secwatch.observer/filing/0001564590-22-011272.txt

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