Galaxy Gaming Proxy Statement Filed

TL;DR

Galaxy Gaming filed its proxy statement, time to vote your shares!

AI Summary

Galaxy Gaming, Inc. filed a DEFA14A proxy statement on July 30, 2024. This filing is a solicitation of proxies, indicating the company is seeking shareholder votes for upcoming decisions. The document is a definitive proxy statement, meaning it's the final version being sent to shareholders.

Why It Matters

This filing is important for shareholders as it outlines the company's requests for their votes, which can impact corporate governance and future business decisions.

Risk Assessment

Risk Level: low — This is a routine proxy filing, not indicating any immediate financial distress or significant corporate action.

Key Players & Entities

• Galaxy Gaming, Inc. (company) — Registrant
• 0000950170-24-087576 (filing_id) — Accession Number
• 20240730 (date) — Filing Date

FAQ

Filing Documents

• defa_14a_-_ma_customer_l.htm (DEFA14A) — 40KB
• img47094752_0.jpg (GRAPHIC) — 5KB
• img47094752_1.jpg (GRAPHIC) — 5KB
• 0000950170-24-087576.txt ( ) — 56KB

From the Filing

DEFA14A SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 GALAXY GAMING, INC. (Name of Registrant as Specified in its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 This filing relates to the proposed merger of Galaxy Gaming, Inc., a Nevada corporation (“Galaxy”) and Evolution Malta Holding Limited, a company registered in Malta (“Evolution”), pursuant to the terms of that certain Agreement and Plan of Merger, dated as of July 18, 2024, by and among Galaxy, Galaga Merger Sub, Inc., and Evolution. The following communication was made available to Galaxy’s customers on or after July 30, 2024. Customer Letter Dear Galaxy Customer or Vendor, On behalf of Galaxy Gaming, Inc. we are excited to announce that our Board of Directors has approved an Agreement and Plan of Merger (the “Merger Agreement”) with Evolution Malta Holding Limited (“Evolution”) whereby we will become a wholly owned subsidiary of Evolution. The transaction is expected to be completed in mid-2025, subject to customary closing conditions and regulatory approvals, resulting in Galaxy becoming a privately-owned company and subsidiary of Evolution. Our Board of Directors believes that this transaction is in the best interests of Galaxy Gaming, Inc. and its key stakeholders, including stockholders, employees, customers, vendors and suppliers. Through our relationship with Evolution, a recognized leader in the gaming space, we will continue providing excellent service to, and partnership with, all of our stakeholders. We want to assure you that during this process we do not anticipate any significant changes in the way we do business, nor do we anticipate any changes to the current agreements or related conditions and terms as a result of the transaction. Pursuant to the Merger Agreement, a wholly owned subsidiary of Evolution will be merged into Galaxy, and Galaxy will be the surviving entity. In connection with the foregoing, Evolution intends to retain the Galaxy management and employees and operate Galaxy as a separate and independent business unit. As such Galaxy will continue to hold its gaming licenses and continue to enter into agreements with its customers, directly. We are excited about and committed to the products and services we are working hard to deliver to you. We understand that you may have questions concerning our plans, however, because the transaction is not completed, we will only be able to fully address your questions as the process unfolds and more details become available. For more information, please see the attached press release describing the transaction and review our public SEC filings under our ticker symbol (GLXZ). Please know that we will communicate with you as best we can during the pendency of the transaction to provide updates as developments warrant. We thank you for your support and we look forward to continuing to do business with you during the pendency of the transaction and beyond. Sincerely, Matt Reback, President and CEO Additional Information and Where to Find It This communication may be deemed solicitation material in respect of the proposed acquisition of Galaxy. In connection with the proposed transaction, the company will file with the Securities and Exchange Commission (“SEC”) a proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, the company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT THE COMPANY FILES WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The definitive proxy statement, the preliminary proxy statement and any other documents filed by the company with the SEC (when available) may be obtained free of charge at the SEC’s website at www.sec.gov or by accessing the Investor Relations section of the company’s website at https://www.galaxygaming.com. Participants in the Solicitation The company and its directors and cert

View Full Filing

View this DEFA14A filing on SEC EDGAR