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Galaxy Gaming, Inc.

$1.57 -$1.31 (-45.49%)
OTC · 15 Sep 2026 14:57 UTC
Previous Close
$1.58
Day Range
$1.57$1.59
Year Range
$1.42$2.99
Market Cap
39.81M
AVG Volume
55.39K
Trailing/Forward PE
8.26/-
PEG ratio
0
Dividend Yield
-
Next Earnings Date
-
Primary Exchange
Other OTCUS
Revenue (USD)
02.5M5M7.5M10M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q27.94M
26 Q17.66M
25 Q48.24M
25 Q37.33M
25 Q27.53M
25 Q17.78M
24 Q47.57M
24 Q37.65M
24 Q28.52M
24 Q18M
Net Income (USD)
-3M-2M-1M01M2M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q2996.98K
26 Q11.37M
25 Q41.52M
25 Q31.04M
25 Q2950.36K
25 Q1-2.02M
24 Q4-880.8K
24 Q3-2.2M
24 Q2242.7K
24 Q1208.91K
Operating Income (USD)
-1M01M2M3M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q22.07M
26 Q12.33M
25 Q42.36M
25 Q32.21M
25 Q21.94M
25 Q11.98M
24 Q41.17M
24 Q3-123.94K
24 Q22.34M
24 Q12.31M
EBITDA (USD)
-1M01M2M3M4M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q23.05M
26 Q13.27M
25 Q43.33M
25 Q32.69M
25 Q22.8M
25 Q1-137.76K
24 Q42.16M
24 Q3866.03K
24 Q23.32M
24 Q13.28M
Cash Flows (USD)
01M2M3M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q2850.74K
26 Q11.92M
25 Q41.1M
25 Q32.25M
25 Q22.29M
25 Q11.17M
24 Q4550.07K
24 Q3671.02K
24 Q21.64M
24 Q1712.72K
EPS (USD)
-0.1-0.0500.050.124 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ EPS (USD) by quarter
PeriodEPS (USD)
26 Q20.04
26 Q10.05
25 Q40.06
25 Q30.04
25 Q20.04
25 Q1-0.08
24 Q4-0.03
24 Q3-0.09
24 Q20.01
24 Q10.01
Expenses (USD)
-2.5M02.5M5M7.5MR&DSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q25.75M
26 Q15.18M
25 Q46.01M
25 Q33.25M
25 Q25.5M
25 Q15.08M
24 Q45.98M
24 Q35.21M
24 Q25.74M
24 Q15.25M
Cash & Debt (USD)
020M40M60MCashLong Term DebtShort Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q24.76M
26 Q14.85M
25 Q44.31M
25 Q33.33M
25 Q25.04M
25 Q15.31M
24 Q418.12M
24 Q317.9M
24 Q219.35M
24 Q117.49M
Debt ratios
-20246824 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Debt ratios by quarter
PeriodDebt ratios
26 Q2-0.14
26 Q12.8
25 Q44.06
25 Q34.92
25 Q26.47
25 Q16.33
24 Q43.89
24 Q33.89
24 Q23.49
24 Q13.68
Margins
0%50%100%150%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Margins by quarter
PeriodMargins
26 Q287.39%
26 Q187.77%
25 Q4107.81%
25 Q385.7%
25 Q297.5%
25 Q197.59%
24 Q497.86%
24 Q395.52%
24 Q292.98%
24 Q194.92%
Return on Capital
-10%0%10%20%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Return on Capital by quarter
PeriodReturn on Capital
26 Q2-6.58%
26 Q1-8.45%
25 Q4-8.67%
25 Q3-5.45%
25 Q2-4.69%
25 Q19.34%
24 Q44.39%
24 Q311.34%
24 Q2-1.39%
24 Q1-1.17%
Shares Outstanding
010M20M30M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Shares Outstanding by quarter
PeriodShares Outstanding
26 Q226.13M
26 Q126.13M
25 Q426.04M
25 Q326.09M
25 Q226.04M
25 Q125.91M
24 Q425.72M
24 Q324.97M
24 Q224.91M
24 Q124.86M
Book Value Per Share (USD)
-1-0.75-0.5-0.25024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q2-0.58
26 Q1-0.62
25 Q4-0.67
25 Q3-0.73
25 Q2-0.78
25 Q1-0.83
24 Q4-0.78
24 Q3-0.78
24 Q2-0.7
24 Q1-0.72
Total Assets (USD)
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
GLXZ Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q226.96M
26 Q127.04M
25 Q427.5M
25 Q326.4M
25 Q226.6M
25 Q127.82M
24 Q441.01M
24 Q341.97M
24 Q241.47M
24 Q140.46M
Employee Count
02040602016201720182019202020212022202320242025
GLXZ Employee Count by quarter
PeriodEmployee Count
202547
202447
202346
202242
202136
202030
201940
201840
201737
201625
PE Ratio
0100200300med 33.73Aug 21Nov 21Mar 22Jun 22Oct 22Jun 26Sep 26
GLXZ PE Ratio by quarter
PeriodPE Ratio
Sep 268.39
Sep 268.5
Sep 268.61
Aug 268.93
Aug 269.51
Aug 269.24
Aug 268.69
Jul 268.69
Jul 268.8
Jul 269.23
Jul 269.23
Jul 269.01
Jun 269.06
Jun 269.76
Jun 269.92
Jun 268.8
May 269.65
May 269.33
May 269.49
May 2632.47
May 2634.05
Apr 2632.12
Apr 2633.87
Apr 2634.05
Apr 2631.77
Nov 22168.26
Nov 22165.39
Oct 22178.33
Oct 22180.49
Oct 22178.33
Oct 22186.24
Sep 22179.77
Sep 22188.4
Sep 22201.34
Sep 22207.09
Sep 22208.53
Aug 22221.48
Aug 22239.45
Aug 2246.16
Aug 2244.7
Jul 2244.94
Jul 2244.7
Jul 2243.73
Jul 2244.94
Jul 2243
Jun 2243.18
Jun 2247.98
Jun 2247.98
Jun 2247.31
May 2243.73
May 2246.4
May 2239.63
May 2242.72
Apr 2241.08
Apr 2243.01
Apr 2247.74
Apr 2248.13
Apr 2244.65
Mar 2233.59
Mar 2233.36
Mar 2232
Mar 2232.6
Feb 2232.53
Feb 2232.75
Feb 2231.77
Feb 2231.77
Jan 2227.9
Jan 2227.98
Jan 2230.71
Jan 2230.25
Dec 2129.65
Dec 2128.91
Dec 2127.98
Dec 2128.05
Dec 2128.58
Nov 2129.34
Nov 2131.47
Nov 21152.99
Nov 21153.36
Oct 21157.73
Oct 21159.19
Oct 21158.46
Oct 21155.54
Oct 21158.09
Sep 21154.82
Sep 21153.36
Sep 21156.27
Sep 21158.46
Aug 21161.01
Aug 21158.09
Aug 21167.93
Aug 208.89
Aug 208.6
Jul 208.81
Jul 208.25
Jul 208.39
Jul 208.74
Jul 209.43
Jun 208.64
Jun 207.18
Free Cash Flow Yield
-5%0%5%10%15%20%med 6.4%Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
GLXZ Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 2614.82%
Sep 2614.63%
Sep 2614.45%
Aug 2613.93%
Aug 2613.08%
Aug 2613.45%
Aug 2617.84%
Jul 2617.84%
Jul 2617.63%
Jul 2616.81%
Jul 2616.81%
Jul 2617.21%
Jun 2617.11%
Jun 2615.88%
Jun 2615.63%
Jun 2617.63%
May 2616.06%
May 2616.61%
May 2616.33%
May 2614.13%
May 2613.48%
Apr 2614.29%
Apr 2613.55%
Apr 2613.48%
Apr 2614.44%
Mar 2614.9%
Mar 2615.37%
Mar 2613.47%
Mar 2612.96%
Feb 2615.67%
Feb 2613.25%
Feb 2612.96%
Feb 2611.7%
Jan 268.66%
Jan 268.63%
Jan 268.27%
Jan 268.21%
Jan 268.33%
Dec 258.47%
Dec 258.41%
Dec 258.47%
Dec 258.66%
Nov 258.75%
Nov 259.26%
Nov 258.95%
Nov 259.26%
Oct 256.68%
Oct 256.42%
Oct 256.53%
Oct 256.53%
Oct 256.33%
Sep 256.33%
Sep 256.39%
Sep 256.3%
Sep 256.33%
Aug 256.22%
Aug 256.3%
Aug 256.37%
Aug 255.37%
Aug 255.42%
Jul 255.4%
Jul 255.54%
Jul 255.54%
Jul 255.56%
Jun 255.5%
Jun 255.5%
Jun 255.56%
Jun 255.56%
May 255.6%
May 255.54%
May 255.56%
May 254.99%
May 254.93%
Apr 254.97%
Apr 254.95%
Apr 255.1%
Apr 254.97%
Mar 254.9%
Mar 253.97%
Mar 253.96%
Mar 253.9%
Feb 253.92%
Feb 253.94%
Feb 253.96%
Feb 254.04%
Jan 254.06%
Jan 254.04%
Jan 254.12%
Jan 254.09%
Jan 254.18%
Dec 244.07%
Dec 244.13%
Dec 244.04%
Dec 244.12%
Nov 244.15%
Nov 244.09%
Nov 244.13%
Nov 24-1.1%
Nov 24-1.08%
Oct 24-1.12%
Price to Sales
11.522.53med 2.27Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
GLXZ Price to Sales by quarter
PeriodPrice to Sales
Sep 261.33
Sep 261.34
Sep 261.36
Aug 261.41
Aug 261.5
Aug 261.46
Aug 261.38
Jul 261.38
Jul 261.39
Jul 261.46
Jul 261.46
Jul 261.43
Jun 261.44
Jun 261.55
Jun 261.57
Jun 261.39
May 261.53
May 261.48
May 261.5
May 261.56
May 261.64
Apr 261.54
Apr 261.63
Apr 261.64
Apr 261.53
Mar 261.39
Mar 261.35
Mar 261.54
Mar 261.6
Feb 261.32
Feb 261.56
Feb 261.6
Feb 261.77
Jan 262.39
Jan 262.4
Jan 262.5
Jan 262.52
Jan 262.49
Dec 252.44
Dec 252.46
Dec 252.44
Dec 252.39
Nov 252.37
Nov 252.24
Nov 252.31
Nov 252.24
Oct 252.29
Oct 252.39
Oct 252.35
Oct 252.35
Oct 252.42
Sep 252.42
Sep 252.4
Sep 252.43
Sep 252.42
Aug 252.46
Aug 252.43
Aug 252.41
Aug 252.38
Aug 252.36
Jul 252.37
Jul 252.31
Jul 252.31
Jul 252.3
Jun 252.33
Jun 252.33
Jun 252.3
Jun 252.3
May 252.29
May 252.31
May 252.3
May 252.26
May 252.28
Apr 252.27
Apr 252.28
Apr 252.21
Apr 252.27
Mar 252.3
Mar 252.3
Mar 252.31
Mar 252.34
Feb 252.33
Feb 252.32
Feb 252.31
Feb 252.26
Jan 252.25
Jan 252.26
Jan 252.22
Jan 252.24
Jan 252.19
Dec 242.25
Dec 242.21
Dec 242.26
Dec 242.22
Nov 242.21
Nov 242.24
Nov 242.21
Nov 242.32
Nov 242.37
Oct 242.28
EV/EBITDA
05101520med 11.29Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
GLXZ EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 263.2
Sep 263.25
Sep 263.29
Aug 263.42
Aug 263.65
Aug 263.54
Aug 266.3
Jul 266.3
Jul 266.35
Jul 266.52
Jul 266.52
Jul 266.43
Jun 266.45
Jun 266.74
Jun 266.8
Jun 266.35
May 266.69
May 266.56
May 266.63
May 269.61
May 269.88
Apr 269.55
Apr 269.85
Apr 269.88
Apr 269.49
Mar 2610.51
Mar 2610.33
Mar 2611.1
Mar 2611.34
Feb 2610.23
Feb 2611.2
Feb 2611.34
Feb 2612.03
Jan 2614.54
Jan 2614.57
Jan 2614.99
Jan 2615.06
Jan 2614.92
Dec 2514.74
Dec 2514.81
Dec 2514.74
Dec 2514.54
Nov 2514.43
Nov 2513.91
Nov 2514.22
Nov 2513.91
Oct 2518.79
Oct 2519.29
Oct 2519.06
Oct 2519.06
Oct 2519.48
Sep 2519.48
Sep 2519.34
Sep 2519.52
Sep 2519.48
Aug 2519.71
Aug 2519.52
Aug 2519.39
Aug 2518.45
Aug 2518.32
Jul 2518.37
Jul 2518.07
Jul 2518.07
Jul 2518.03
Jun 2518.16
Jun 2518.16
Jun 2518.03
Jun 2518.03
May 2517.95
May 2518.07
May 2518.03
May 2511.36
May 2511.44
Apr 2511.38
Apr 2511.41
Apr 2511.2
Apr 2511.38
Mar 2511.49
Mar 2511.25
Mar 2511.27
Mar 2511.38
Feb 2511.35
Feb 2511.3
Feb 2511.27
Feb 2511.12
Jan 2511.09
Jan 2511.12
Jan 2510.99
Jan 2511.04
Jan 2510.88
Dec 2411.07
Dec 2410.96
Dec 2411.12
Dec 2410.99
Nov 2410.94
Nov 2411.04
Nov 2410.96
Nov 2410.08
Nov 2410.22
Oct 249.98
Price/Operating Cashflow
05101520med 12.86Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
GLXZ Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 265.49
Sep 265.56
Sep 265.63
Aug 265.84
Aug 266.22
Aug 266.05
Aug 264.67
Jul 264.67
Jul 264.72
Jul 264.95
Jul 264.95
Jul 264.84
Jun 264.87
Jun 265.24
Jun 265.33
Jun 264.72
May 265.18
May 265.01
May 265.1
May 266.26
May 266.56
Apr 266.19
Apr 266.53
Apr 266.56
Apr 266.12
Mar 266.42
Mar 266.22
Mar 267.1
Mar 267.38
Feb 266.1
Feb 267.22
Feb 267.38
Feb 268.18
Jan 2611.05
Jan 2611.09
Jan 2611.57
Jan 2611.65
Jan 2611.49
Dec 2511.29
Dec 2511.37
Dec 2511.29
Dec 2511.05
Nov 2510.93
Nov 2510.33
Nov 2510.69
Nov 2510.33
Oct 2515.32
Oct 2515.95
Oct 2515.66
Oct 2515.66
Oct 2516.18
Sep 2516.18
Sep 2516
Sep 2516.23
Sep 2516.18
Aug 2516.46
Aug 2516.23
Aug 2516.06
Aug 2519.26
Aug 2519.07
Jul 2519.13
Jul 2518.67
Jul 2518.67
Jul 2518.6
Jun 2518.8
Jun 2518.8
Jun 2518.6
Jun 2518.6
May 2518.47
May 2518.67
May 2518.6
May 2517.5
May 2517.69
Apr 2517.57
Apr 2517.63
Apr 2517.13
Apr 2517.57
Mar 2517.82
Mar 2513.36
Mar 2513.4
Mar 2513.59
Feb 2513.54
Feb 2513.45
Feb 2513.4
Feb 2513.12
Jan 2513.07
Jan 2513.12
Jan 2512.89
Jan 2512.98
Jan 2512.7
Dec 2413.03
Dec 2412.84
Dec 2413.12
Dec 2412.89
Nov 2412.79
Nov 2412.98
Nov 2412.84
Nov 2416.67
Nov 2417.04
Oct 2416.43
Price to Book
68101214med 8.52Nov 17Mar 18Jun 18Sep 18Jan 19Apr 19Aug 19
GLXZ Price to Book by quarter
PeriodPrice to Book
Aug 197.65
Aug 197.7
Jul 197.85
Jul 198.05
Jul 197.95
Jul 198.24
Jun 198.05
Jun 198.17
Jun 198.62
Jun 198.89
May 199.08
May 198.93
May 198.89
May 199.63
May 198.61
Apr 199.15
Apr 198.77
Apr 199.31
Apr 198.99
Mar 199.45
Mar 199.75
Mar 198.74
Mar 1912.17
Mar 1911.81
Feb 1912.4
Feb 1911.52
Feb 1911.75
Feb 1911.93
Jan 1910.57
Jan 1910.25
Jan 198.27
Jan 198.23
Dec 188.51
Dec 188.32
Dec 188.45
Dec 188.27
Nov 188.74
Nov 188.62
Nov 188.51
Nov 188.98
Nov 188.5
Oct 188.14
Oct 188.5
Oct 188.2
Oct 187.95
Sep 188.91
Sep 188.91
Sep 188.55
Sep 188.57
Aug 189.05
Aug 188.64
Aug 188.78
Aug 188.19
Aug 188.32
Jul 188.32
Jul 188.25
Jul 188.06
Jul 187.8
Jun 187.61
Jun 187.48
Jun 188.51
Jun 188.45
Jun 188.58
May 187.61
May 187.8
May 188.18
May 187.97
Apr 187.68
Apr 187.32
Apr 187.1
Apr 187.61
Mar 187.78
Mar 187.48
Mar 187.71
Mar 188.01
Mar 187.48
Feb 188.16
Feb 188.16
Feb 188.61
Feb 188.25
Jan 188.76
Jan 188.53
Jan 188.31
Jan 188.46
Dec 178.98
Dec 178.98
Dec 178.91
Dec 179.58
Dec 179.36
Nov 178.83
Nov 178.61
Nov 179.06
Nov 178.65
Oct 179.7
Oct 1710.58
Oct 1710.1
Oct 1711.22
Sep 179.38
Sep 177.21
Sep 176.57
Galaxy Gaming, Inc.
GLXZ
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News: GLXZ

Galaxy Gaming (OTCMKTS:GLXZ) Stock Passes Below 200 Day Moving Average   – Here’s Why

defenseworld.net · 10 Sep 2026

Galaxy Gaming (OTCMKTS:GLXZ) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Galaxy Gaming Inc. (OTCMKTS:GLXZ - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $1.74 and traded as low as $1.60. Galaxy Gaming shares last traded at $1.60, with a volume of 62,729 shares. Galaxy Gaming Price Performance The business

Galaxy Gaming Completes Cancellation of All Outstanding Warrants

globenewswire.com · 17 Aug 2026

Galaxy Gaming Completes Cancellation of All Outstanding Warrants

Transaction retires 778,320 warrants representing approximately 3% of fully diluted shares Transaction retires 778,320 warrants representing approximately 3% of fully diluted shares

Galaxy Gaming Board Authorizes $4 Million Share Repurchase Program

globenewswire.com · 22 Jul 2026

Galaxy Gaming Board Authorizes $4 Million Share Repurchase Program

LAS VEGAS, July 22, 2026 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC:GLXZ) today announced that its Board of Directors has authorized a share repurchase program of up to $4.0 million of the Company's outstanding common stock, effective immediately.

Galaxy Gaming Board Authorizes $4 Million Share Repurchase Program

globenewswire.com · 22 Jul 2026

Galaxy Gaming Board Authorizes $4 Million Share Repurchase Program

LAS VEGAS, July 22, 2026 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ) today announced that its Board of Directors has authorized a share repurchase program of up to $4. 0 million of the Company's outstanding common stock, effective immediately. The authorization follows the termination of Galaxy's previously announced Merger Agreement with Evolution Malta Holding Limited, under which Evolution has acknowledged its obligation to pay Galaxy a $5.

Galaxy Gaming Announces Expected 2026 Second Quarter Results

globenewswire.com · 22 Jul 2026

Galaxy Gaming Announces Expected 2026 Second Quarter Results

Expects Quarterly Results for: Revenue of $7.8 Million to $7.9 Million, Net Income of $0.9 Million to $1.0 Million, and Adjusted EBITDA of $3.3 Million to $3.4 Million Expects Quarterly Results for: Revenue of $7.8 Million to $7.9 Million, Net Income of $0.9 Million to $1.0 Million, and Adjusted EBITDA of $3.3 Million to $3.4 Million

Galaxy Gaming Announces Termination of Merger with Evolution

globenewswire.com · 21 Jul 2026

Galaxy Gaming Announces Termination of Merger with Evolution

LAS VEGAS, July 21, 2026 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc.® (OTC: GLXZ) (“Galaxy” or the “Company”), the world's leading independent developer and distributor of casino table games and technology, was notified by Evolution Malta Holding Limited, a company registered in Malta (“Evolution”) that Evolution terminated the previously announced Agreement and Plan of Merger, dated July 18, 2024, by and among Galaxy, Evolution, and Galaga Merger Sub, Inc., a Nevada corporation and a wholly owned subsidiary of Evolution (as amended, the “Merger Agreement”). In accordance with the terms of the Merger Agreement, Evolution is required to pay Galaxy a termination fee in the amount of $5,234,678 within two (2) business days of the date of termination of the Merger Agreement.

Galaxy Gaming Is Evaluating Its Options in Light of the Passing of the July 17, 2026 Merger Outside Date Without Satisfaction or Waiver of the Remaining Regulatory Closing Conditions

globenewswire.com · 20 Jul 2026

Galaxy Gaming Is Evaluating Its Options in Light of the Passing of the July 17, 2026 Merger Outside Date Without Satisfaction or Waiver of the Remaining Regulatory Closing Conditions

LAS VEGAS, July 20, 2026 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc.® (OTC: GLXZ), the world's leading independent developer and distributor of casino table games and technology announced today that, as previously announced, Galaxy Gaming, Inc., a Nevada corporation (“Galaxy”), Evolution Malta Holding Limited, a company registered in Malta (“Evolution”), and Galaga Merger Sub, Inc., a Nevada corporation and a wholly owned subsidiary of Evolution, entered into an Agreement and Plan of Merger (as amended, the “Merger Agreement”), pursuant to which Merger Sub will be merged with and into Galaxy, with Galaxy surviving as a wholly owned subsidiary of Evolution (the “Merger”).

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