Cannell Capital LLC Reports New 5.2% Passive Stake in Galaxy Gaming, Inc. (GLXZ)

On May 15, 2026, Cannell Capital LLC filed a Schedule 13G with the SEC, reporting a new ownership stake in Galaxy Gaming, Inc. (GLXZ). As of the event date on March 31, 2026, the firm beneficially owns 1,312,738 shares of common stock, representing a 5.2% ownership interest in the company. This filing marks an increase from a previous 0.0% position, crossing the 5% regulatory threshold for disclosure. The securities are held by Cannell Capital LLC, a Wyoming-based investment adviser, and J. Carlo Cannell. According to the filing, the reporting persons share voting and dispositive power over all 1,312,738 shares. The acquisition was made in the ordinary course of business, and the filers certified that the shares were not acquired for the purpose of changing or influencing the control of the issuer. This passive investment highlights Cannell Capital's expanding portfolio within the gaming and hospitality technology sector.