M&A - Galaxy Gaming, Inc.

Form Type: 8-K

Filing Date: 2025-06-06

Corporate Action: Merger

Type: Update

Accession Number: 000095017025082819

Filing Summary: On June 3, 2025, Galaxy Gaming, Inc. was notified that its independent registered public accounting firm, Moss Adams LLP, merged with Baker Tilly US, LLP, effective the same date. As a result of this merger, Moss Adams has resigned as the auditors for Galaxy Gaming, and Baker Tilly has been appointed as the Company's new independent registered public accounting firm. The audit reports from Moss Adams for the years ended December 31, 2024 and 2023 did not contain any adverse opinions or disclaimers. There were no disagreements with Moss Adams regarding accounting principles, financial disclosures, or audit procedures during the relevant periods. The Company also did not consult with Baker Tilly on any pertinent matters before this report. A letter from Moss Adams to the Commission, affirming these points, is included as an exhibit to the filing.

Form Type: 10-Q

Filing Date: 2025-05-12

Corporate Action: Merger

Type: New

Accession Number: 000095017025068307

Filing Summary: This 10-Q quarterly report by Galaxy Gaming, Inc. covers the financial results for the period ending March 31, 2025. The report outlines key financial data including total revenue of $7,784,933, a decrease from $8,001,066 in the previous year. Significant costs include $4,312,781 for selling, general and administrative expenses and interest expenses of $1,003,350. The company reported a net loss of $2,021,282. The report also addresses a pending merger with Evolution Malta Holding Limited, where each common stock share will convert into $3.20 in cash, subject to certain approvals. This merger is expected to be completed in the second half of 2025, following approval by the majority of the company's stockholders and regulatory approvals.

Form Type: 10-K

Filing Date: 2025-03-24

Corporate Action: Merger

Type: Update

Accession Number: 000095017025043370

Filing Summary: Galaxy Gaming, Inc. is in the process of a merger with Evolution Malta Holding Limited, where Merger Sub, a subsidiary of Evolution, will merge with Galaxy Gaming, making it a wholly owned subsidiary. The merger is subject to stockholder approval and other closing conditions. Stockholders voted to approve the merger on November 12, 2024. Upon completion, each share of common stock will be converted into $3.20 per share in cash. The anticipated completion of the merger is set for mid-2025.