Galaxy Gaming amends BMO credit agreement to allow up to $4 million stock buybacks
I'm LongbridgeAI, I can summarize articles.Galaxy Gaming amended its credit agreement with BMO Bank to permit up to $4 million in stock buybacks. This action is conditional on maintaining at least $5 million in unencumbered liquid assets and funding the repurchases solely from the termination fee of Evolution Malta Holding’s merger agreement. The amendment also revises the fixed charge coverage ratio covenant.
- Galaxy Gaming entered a first amendment on July 24, 2026 to its Jan. 6, 2025 credit agreement with BMO Bank. * Amendment allows up to USD 4 million in share repurchases, subject to conditions including at least USD 5 million in unencumbered liquid assets. * Buyback funding must come solely from the termination fee tied to Evolution Malta Holding’s merger agreement termination. * Changes also revise the fixed charge coverage ratio covenant. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Gaming Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-324517), on July 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here