By SectorWire desk ·
The report said that Galaxy Gaming’s board authorised repurchases of up to $4m in common shares after its Evolution EVO · SEK 800.00 2026-10-16 Data merger ended. Evolution acknowledged a $5.2m termination payment obligation to Galaxy.
The authorisation permits Galaxy Gaming to repurchase shares following the cancelled merger.
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The filing brings Evolution’s regulatory settlement and abandoned acquisition into the dispute.
The acquisition will not proceed and Evolution must pay Galaxy Gaming a termination fee.
The termination removes the planned combination of Evolution and Galaxy Gaming.
The cancelled purchase leaves Galaxy Gaming due a termination payment from Evolution.
The termination ends Evolution’s planned acquisition of Galaxy Gaming.
The merger ends while the companies’ existing commercial relationship continues.