Galaxy Gaming, Inc. (GLXZ) Form 8-K — Jul 29, 2026
$GLXZForm 8-KItems 1.01, 2.03, 9.01Filed Jul 29, 2026, 9:58 PM ET0001193125-26-324517Original filing
Galaxy Gaming entered into a First Amendment to its Credit Agreement with BMO Bank N.A., modifying covenants to permit the repurchase of up to $4 million of its capital stock. This amendment is specifically designed to allow the company to utilize a $5.2 million termination fee received after the failure of its acquisition by Evolution Malta Holding Limited. The repurchase authorization is conditional, requiring the company to maintain minimum unencumbered liquid assets of $5 million and to complete the buyback prior to January 6, 2028.
Key figures
- Debt Amount
- $47,000,000
- Termination Fee
- $5,234,678
- Minimum Liquidity
- $5,000,000
- Authorized Repurchase
- $4,000,000
- Fixed Charge Coverage Ratio
- 1.10 to 1.0
AI analysis
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