Evolution has agreed to purchase all remaining shares of Galaxy Gaming's common stock for $3.20 per share in cash.
Evolution has agreed to purchase all remaining shares of Galaxy Gaming's common stock for $3.20 per share in cash, a 124% premium over the closing share price on July 17, 2024, the day before the acquisition announcement.
Evolution plans to run Galaxy Gaming as an independent business unit with its current management and employees. For the 2024 Fiscal Year, Galaxy Gaming is projected to generate between $29 million and $30 million in net revenue and $12 million to $13 million in adjusted EBITDA.
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