Galaxy Gaming, Inc. (GLXZ) Form 8-K — Aug 17, 2026
$GLXZForm 8-KItems 1.01, 7.01, 9.01Filed Aug 17, 2026, 9:15 AM ET0001193125-26-353324Original filing
Galaxy Gaming (OTCQB: GLXZ) entered into warrant cancellation agreements on August 12, 2026, retiring all 778,320 outstanding common stock purchase warrants held by three Fortress Credit Corp affiliates for approximately $1.2 million in cash. The cancelled warrants, which carried a nominal $0.01 exercise price, dated back to a November 2021 Fortress term loan that was repaid in full and terminated in January 2025. They represented roughly 3% of the company's fully diluted share count, and following the cancellation Galaxy has no warrants outstanding.
Key figures
- Licenses worldwide
- over 140, including 28 U.S. states and more than 30 countries
- Warrants cancelled
- 778320
- Drawbridge payment usd
- $809,955.04
- Buyback authorization usd
- $4.0 million (adopted July 22, 2026)
- Drawbridge warrant shares
- 518880
- Warrant exercise price usd
- $0.01 per share
- Fortress fund ii payment usd
- $38,513.76
- Shares repurchased july 2026
- 330758
- Total cash consideration usd
- approximately $1.2 million
- Remaining buyback capacity usd
- approximately $2.3 million
- Fortress fund ii warrant shares
- 24673
- Fortress lending ii payment usd
- $366,463.76
- Fortress lending ii warrant shares
- 234767
- Percent of fully diluted shares removed
- approximately 3%
AI analysis
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