Galaxy Gaming cancels remaining outstanding warrants for USD 1.2 million
GLXZ•Cash payment and repurchase authorization
The company paid USD 1.2 million in cash from cash on hand. No warrants remain outstanding.
The transaction counted against the company's USD 4 million share repurchase authorization, with about USD 2.3 million remaining available.
Galaxy Gaming eliminates remaining warrants
Galaxy Gaming eliminated all outstanding warrants by cancelling 778,320 common stock purchase warrants held by Fortress Credit affiliates.
The warrants carried a $0.01 exercise price. The cancellation removed about 3% of fully diluted shares.
