secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2022-03-22T23:59:59+00:00
Accession:  0001564590-22-011272
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 obtains waiver for credit agreement default on Isle of Man account limits
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000156459022011272/0001564590-22-011272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000156459022011272/glxz-8k_20220316.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-011272

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer