Cannell Capital Reports 5.2% Stake in Galaxy Gaming

Galaxy Gaming, Inc. Schedule 13G reports that Cannell Capital LLC (and related reporting person J. Carlo Cannell) beneficially owns 1,312,738 shares of common stock, representing 5.2% of the class.

Rhea-AI Filing Summary

Galaxy Gaming, Inc. Schedule 13G reports that Cannell Capital LLC (and related reporting person J. Carlo Cannell) beneficially owns 1,312,738 shares of common stock, representing 5.2% of the class. The filing shows shared voting and shared dispositive power over the same 1,312,738 shares.

The filing is signed by Cannell and countersigned by the company CFO, and provides the reporting party's Wyoming address and the CUSIP 36318P105.

Insights

Corporate Governance Analyst

Holder discloses a passive >5% stake with shared voting and dispositive power.

The filing shows Cannell Capital LLC beneficially owns 1,312,738 shares (5.2%). The ownership entries indicate shared voting and shared dispositive power for that amount, consistent with an entity-level position disclosure under passive investment rules.

The exact economic intent or any plans to acquire/dispose are not stated; subsequent filings would reveal changes in position or voting arrangements.

Key Figures

Shares beneficially owned: 1,312,738 shares Percent of class: 5.2% CUSIP: 36318P105 +2 more

5 metrics

Shares beneficially owned 1,312,738 shares Amount beneficially owned per Item 4

Percent of class 5.2% Percent of class per Item 4

CUSIP 36318P105 Issuer CUSIP for common stock

Shared voting power 1,312,738 shares Shared voting power reported in Item 4

Shared dispositive power 1,312,738 shares Shared dispositive power reported in Item 4

Key Terms

Schedule 13G, Beneficial ownership, Shared dispositive power, CUSIP

4 terms

Schedule 13G regulatory

"Item 1. Name of issuer: Galaxy Gaming, Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. Ownership (a) Amount beneficially owned: 1,312,738"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared dispositive power regulatory

"8 | Shared Dispositive Power 1,312,738.00"

CUSIP financial

"Item 2. (e) | CUSIP Number(s): 36318P105"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Cannell Capital report in Galaxy Gaming (GLXZ)?

Cannell Capital reports beneficial ownership of 1,312,738 shares, representing 5.2% of Galaxy Gaming's common stock. The filing lists shared voting and shared dispositive power over the same 1,312,738 shares.

Does the Schedule 13G indicate Cannell controls Galaxy Gaming?

No direct control is stated; the filing shows shared voting and shared dispositive power over 1,312,738 shares. It does not assert sole voting or sole dispositive power, nor does it state an intent to control the company.

Who signed the Schedule 13G for GLXZ?

The filing bears signatures from J. Carlo Cannell (reporting person) and Stephen C. Wagstaff identified as Chief Financial Officer, each dated 05/15/2026. The document lists Cannell's Wyoming address.

What identifier and class are reported in this filing for Galaxy Gaming?

The filing reports Common Stock, par value $0.001 per share with CUSIP 36318P105. The reporting class is explicitly listed as the issuer's common stock.

Does the Schedule 13G disclose any planned transactions by Cannell Capital?

No planned transactions are disclosed. The filing only reports current beneficial ownership of 1,312,738 shares (5.2%) and the allocation of voting and dispositive powers; it does not describe acquisitions or dispositions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 02:36 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Galaxy Gaming, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

36318P105

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 36318P105

1

Names of Reporting Persons

CANNELL CAPITAL LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,312,738.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,312,738.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,312,738.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 36318P105

1

Names of Reporting Persons

CANNELL J CARLO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,312,738.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,312,738.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,312,738.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Galaxy Gaming, Inc.
(b)	Address of issuer's principal executive offices: 6480 CAMERON STREET, SUITE 305, LAS VEGAS, NEVADA, 89118
Item 2.
(a)	Name of person filing: Cannell Capital LLC
(b)	Address or principal business office or, if none, residence: 215 Altamont Rd Alta, WY 83414
(c)	Citizenship: Wyoming, USA
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP Number(s): 36318P105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,312,738
(b)	Percent of class: 5.2%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,312,738
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,312,738
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CANNELL CAPITAL LLC

Signature:	Stephen C. Wagstaff
Name/Title:	Chief Financial Officer
Date:	05/15/2026

CANNELL J CARLO

Signature:	/s/ J. Carlo Cannell
Name/Title:	self
Date:	05/15/2026