SCHEDULE 13G/A: Cannell Capital Discloses 6.79% Passive Stake in Galaxy Gaming
Beneficial Ownership Report
Cannell Capital LLC and J. Carlo Cannell have filed an amended Schedule 13G, reporting a passive beneficial ownership of 6.79% in Galaxy Gaming, Inc.
Summary
- J. Carlo Cannell and Cannell Capital LLC have filed an Amendment No. 2 to Schedule 13G, disclosing their beneficial ownership in Galaxy Gaming, Inc.
- As of December 31, 2024, the reporting persons collectively beneficially own 1,698,680 shares of Galaxy Gaming, Inc. Common Stock.
- This ownership represents 6.79% of the total outstanding shares of the class.
- The filing indicates that the shares are held with shared voting power and shared dispositive power.
- The acquisition and holding of these securities are certified to be in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of passive beneficial ownership and does not contain performance or strategic information.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by an investment firm may be viewed as a vote of confidence or could signal potential future engagement, though the filing explicitly states it's not for control.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement |
| 02/13/2025 | Date of filing of this statement |
Keywords
Galaxy Gaming, Cannell Capital, J. Carlo Cannell, Schedule 13G, Beneficial Ownership, Common Stock, Gaming Industry, Investment Firm
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.