MergerJul 21, 2026, 05:26 PM
Galaxy Gaming Merger with Evolution Terminated; $5.23M Fee Due
AI Summary
Galaxy Gaming, Inc. announced that Evolution Malta Holding Limited terminated their Agreement and Plan of Merger, originally dated July 18, 2024. As a result, Evolution is obligated to pay Galaxy Gaming a termination fee of $5,234,678 within two business days of the July 21, 2026 termination date. Despite the termination, Galaxy Gaming's CEO, Matt Reback, stated the company remains committed to independent growth and maintaining its relationship with Evolution.
Key Highlights
- Evolution Malta Holding Limited terminated the merger agreement with Galaxy Gaming, Inc.
- The merger agreement was originally dated July 18, 2024, and amended on November 24, 2025.
- Evolution is required to pay Galaxy Gaming a termination fee of $5,234,678.
- The termination fee must be paid within two business days of the July 21, 2026 termination date.
- Galaxy Gaming's CEO, Matt Reback, expressed disappointment but affirmed commitment to independent growth.
- The company emphasized its continued long-standing relationship with Evolution as a valued partner.
Price Impact
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