Galaxy Gaming, Inc. Amends Credit Agreement to Allow $4M Buybacks

What Happened

• Galaxy Gaming, Inc. (GLXZ) announced in an 8-K filed July 30, 2026 that it entered a First Amendment to its Credit Agreement with BMO Bank N.A. dated July 24, 2026. The amendment permits the company to repurchase up to $4.0 million of its capital stock, equity interests or warrants, subject to specific conditions. The amendment also revised the Fixed Charge Coverage Ratio and certain financial reporting requirements under the loan.

Key Details

• Amendment date: July 24, 2026; Form 8‑K filed July 30, 2026.
• Repurchase cap: up to $4.0 million in capital stock, equity interests or warrants.
• Funding/source restriction: the sole permitted source for such repurchases is the termination fee paid to Galaxy Gaming in connection with the termination of the merger agreement by Evolution Malta Holding Limited.
• Conditions include maintaining at least $5.0 million of unencumbered liquid assets after any approved payment and compliance with the Company’s financial covenants; other customary conditions also apply.
• The First Amendment is filed as Exhibit 10.1 to the 8‑K.

Why It Matters

• The amendment gives Galaxy Gaming a pathway to return capital to shareholders (via repurchases) but only under narrow, specified conditions tied to a termination fee and liquidity/covenant tests. Investors should note the repurchase authority is limited ($4M), contingent on receiving the specified termination fee, and subject to maintaining minimum liquidity and covenant compliance. The change to the Fixed Charge Coverage Ratio and reporting requirements may also affect the company’s lender relationships and financial flexibility.