Galaxy Gaming announced that Evolution terminated their Agreement and Plan of Merger effective July 21, 2026. The original merger agreement, signed July 18, 2024 and later amended, will not proceed. Under the contract, Evolution must pay Galaxy a $5,234,678 termination fee within two business days. The company signaled potential operational and market impacts as it moves forward independently.
Agreement details:
- Agreement terminated: Agreement and Plan of Merger (as amended)
- Counterparty: Evolution Malta Holding
- Original agreement date: Jul 18 2024
- Termination date: Jul 21 2026
- Termination type: Early
- Exit fees / payments: $5,234,678
- Reason: Evolution terminated the merger agreement
Original SEC Filing:
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