Glœðr hykk (Glamma slóðar)
— gramr eldi svá — felldu.
… Slóðar Glamma … ; hykk glœðr felldu … ; svá eldi gramr.
… Of the track of Glammi <sea-king> [SEA] … ; I believe that glowing embers felled … ; thus the lord kindled.
[1] glœðr ‘glowing embers’: Feminine acc. pl. of glóð ‘red-hot ember, glowing material’.