BuybackJul 22, 2026, 08:31 AM
Galaxy Gaming Authorizes $4M Share Buyback Program
AI Summary
Galaxy Gaming, Inc. announced that its Board of Directors authorized a new share repurchase program of up to $4.0 million of its common stock, effective immediately. This new program supersedes a previous $750,000 authorization, under which no shares were repurchased. The decision follows the company receiving a $5.2 million termination fee from Evolution Malta Holding Limited, underscoring the Board's confidence in Galaxy's strategy, balance sheet, and management.
Key Highlights
- Board authorized a new share repurchase program of up to $4.0 million.
- The program is effective immediately and supersedes a prior $750,000 authorization.
- No shares were repurchased under the previous $750,000 authorization.
- Repurchases can occur via open market, privately negotiated transactions, or Rule 10b5-1 plan.
- Decision follows a $5.2 million termination fee received from Evolution Malta Holding Limited.
- Management believes the stock does not reflect the company's underlying value and growth trajectory.
Price Impact
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