Galaxy Gaming, Inc. (GLXZ) and Evolution Malta Holding Limited have extended their definitive merger agreement, pushing the outside date to July 17 2026. The amendment, signed on November 24 2025, confirms that the parties will complete the transaction on the new date, subject to final regulatory approvals.
The cash consideration remains $3.20 per Galaxy share, a 124% premium to the July 17 2024 closing price. The equity value of the deal is approximately $85 million, rising to about $124 million when net debt is included. All conditions of the original agreement have been met or waived, except for gaming‑regulatory approvals, which are expected in the first quarter of 2026 after Mississippi’s approval in November.
Strategically, the merger will allow Evolution to deepen its U.S. presence by adding Galaxy’s proprietary table‑game technology and intellectual property to its live‑casino platform. Galaxy will become a wholly‑owned subsidiary but will continue to operate as an independent business unit, preserving its brand and product portfolio.
Management emphasized the importance of regulatory compliance and the complementary nature of the two companies. Evolution’s CEO Martin Carlesund said the extension reflects respect for U.S. gaming regulators and confidence that the combined entity will deliver greater value. Galaxy’s CEO Matt Reback highlighted the opportunity to accelerate innovation and growth while maintaining the company’s identity.
The extension provides additional time for the necessary approvals and signals the parties’ continued commitment to the transaction. While the deal’s financial terms remain unchanged, the new outside date underscores the regulatory complexity of U.S. gaming mergers and the importance of a clear exit path for Galaxy shareholders.
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