Page 1

Table of Contents ( Mark One ) X 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF For the quarterly period ended June 30 , 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 Bermuda For the transition period from Commission File No. 001-39274 to GAN Limited ( Exact name of registrant as specified in its charter ) Not Applicable ( State or other jurisdiction of incorporation or organization ) 400 Spectrum Center Drive , Suite 1900 , Irvine , California ( Address of principal executive offices ) ( 702 ) 964-5777 ( Registrant's telephone number , including area code ) Not applicable ( I.R.S. Employer Identification No. ) 92618 ( Zip Code ) ( Former name , former address and former fiscal year , if changed since last report ) Title of each class Ordinary shares , par value $ 0.01 Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbol ( s ) GAN Name of each exchange on which registered The Nasdaq Stock Market LLC Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes x No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( $ 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes × No o Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer , ” “ accelerated filer , ” “ smaller reporting company , ” and “ emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Non - accelerated filer X Accelerated filer Smaller reporting company Emerging growth company O X X If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . x Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes o At August 3 , 2021 , there were 42,017,684 ordinary shares outstanding . No x