Highest-materiality recent filing
Merger outside date automatically extended from Oct 18, 2025 to Jan 18, 2026 per Merger Agreement terms.
Galaxy Gaming completes debt refinancing: $12.6M debt reduction, ~$2.8M annual interest savings
New $45M term loan + $2M revolver (undrawn) with BMO Bank, due 2030 (or earlier if Evolution Malta merger not closed by Dec 31, 2025).
Galaxy Gaming stockholders approve acquisition by Evolution Malta
19,010,896 votes FOR the merger (95.3% of votes cast), 514,311 against, 20,394 abstentions.
Galaxy Gaming supplements merger proxy with offer history and revised projections
Six stockholder demands and two lawsuits in NY state court alleging proxy omissions; Company supplements but denies merit.
Galaxy Gaming to be acquired by Evolution for $3.20/share, ~$85M equity value
All-cash deal at $3.20/share, 124% premium over July 17 closing price.
Galaxy Gaming appoints Steven Kopjo as CFO, succeeds Harry Hagerty
New CFO Steven Kopjo appointed effective May 28, 2024; base salary $250k/year.
Galaxy Gaming corrects FY2024 net revenue growth guidance to 6.1%; FY2023 net loss $1.8M
FY2023 net loss of $1,808K vs $1,773K prior year; net revenue up 19% to $27,789K.
Galaxy Gaming appoints Matt Reback as CEO; Todd Cravens exits with severance
Todd Cravens' employment terminated Nov 10, 2023; receives $325,000 salary continuation over 26 biweekly payments.
Galaxy Gaming appoints Matt Reback as CEO; Q3 revenue estimated at $6.1M
Matt Reback appointed President and CEO effective Nov 13, 2023, succeeding Todd Cravens.
Galaxy Gaming Q2 revenue up 33% to $7.5M, net income $357K, raises 2023 guidance
Q2 revenue $7.53M (+33% YoY); net income $357K vs loss of $1.12M.
Galaxy Gaming extends licensing agreement with Evolution for 10 years through 2033
Agreement runs from April 1, 2023 to March 31, 2033, extending the 2015 license.
Galaxy Gaming Q1 revenue up 25% to $7.4M, net income $111K; raises FY 2023 guidance
Revenue $7.4M (+25% YoY); net income $111K vs loss of $14K in Q1 2022.
On August 9, 2024, Gavin Isaacs notified the Board of Directors of Galaxy Gaming, Inc. (the “Company”) that he intends to resign as a member of the Board and as a member of the Audit Committee of the Board effective August 30, 2024.
On May 22, 2024, the Company and Steven Kopjo entered into an Employment Agreement
extends the expiration date of the Hagerty employment agreement from April 30, 2024 to April 30, 2025 (the “Extended Term”), at which time Mr. Hagerty intends to retire from the Company;
Effective November 10, 2023, Mr. Cravens’ employment with the Company ended.
On November 6, 2023, the Company announced the appointment of Mr. Matt Reback as President and Chief Executive Officer, effective November 13, 2023
On November 6, 2023, the Company and Matt Reback, the Company’s President and Chief Executive Officer, effective November 13, 2023, entered into an Employment Agreement
Max materiality 1.00 · Median 0.55 · Most common event m_and_a