Galaxy Enterprises Files 8-K: Accountant Change & Financials
Ticker: GLEI · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1871890
Sentiment: neutral
Topics: auditor-change, financial-statements, corporate-filing
TL;DR
Galaxy Enterprises 8-K filed: auditor change and financials updated. Keep an eye on this.
AI Summary
Galaxy Enterprises, Inc. filed an 8-K on November 22, 2024, reporting changes in its certifying accountant and filing financial statements and exhibits. The report covers events as of November 1, 2024. The company is incorporated in Wyoming and its principal executive offices are located in Las Vegas, Nevada.
Why It Matters
This filing indicates a change in the company's auditor, which can sometimes signal underlying financial reporting issues or a desire for a fresh perspective on financial statements.
Risk Assessment
Risk Level: medium — A change in certifying accountant can sometimes precede or coincide with financial reporting concerns, warranting closer scrutiny.
Key Numbers
- 333-258034 — SEC File Number (Identifies the company's filings with the SEC.)
- 86-1370102 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Galaxy Enterprises, Inc. (company) — Registrant
- Wyoming (jurisdiction) — State of incorporation
- Las Vegas, Nevada (location) — Principal executive offices
- November 1, 2024 (date) — Date of earliest event reported
- November 22, 2024 (date) — Filing date
FAQ
Who is the new certifying accountant for Galaxy Enterprises, Inc.?
The filing does not specify the name of the new certifying accountant, only that there has been a change.
What specific financial statements are being filed with this 8-K?
The filing indicates that financial statements and exhibits are being filed, but does not detail their specific content or period covered beyond the reporting date.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated November 1, 2024.
What is the primary business of Galaxy Enterprises, Inc. according to the filing?
The company is classified under 'REAL ESTATE AGENTS & MANAGERS (FOR OTHERS)' with SIC code 6531.
Where are Galaxy Enterprises, Inc.'s principal executive offices located?
The principal executive offices are located at 1701 Charles Lam Court, Las Vegas, Nevada 89117.
Filing Stats: 703 words · 3 min read · ~2 pages · Grade level 13.7 · Accepted 2024-11-22 15:47:24
Filing Documents
- glei-20241101.htm (8-K) — 25KB
- glei_ex161.htm (EX-16.1) — 4KB
- 0001393905-24-000397.txt ( ) — 132KB
- glei-20241101_def.xml (EX-101.DEF) — 2KB
- glei-20241101_lab.xml (EX-101.LAB) — 12KB
- glei-20241101_pre.xml (EX-101.PRE) — 8KB
- glei-20241101.xsd (EX-101.SCH) — 2KB
- glei-20241101_htm.xml (XML) — 3KB
01 Change in Registrant's Certifying Accountant
Item 4.01 Change in Registrant's Certifying Accountant On October 24, 2024, the Board of Directors and the audit committee of Galaxy Enterprises Inc (the "Company") approved the engagement of LAO Professional Services as the Company's independent registered public accounting firm for the fiscal year ended July 31, 2024, effective immediately, and dismissed Olayinka Oyebola & Co (OOC) as the Company's independent registered public accounting firm. Until LAO Professional Services was engaged on October 28, 2024, OOC was the Company's auditor and had audited the Company's financial statements for the fiscal years ended July 31, 2023 The reason for the dismissal of OOC and the engagement of LAO Professional Services is due to the charges brought by the SEC against OOC for allegedly aiding and abetting a securities fraud, the risk of continuing with OOC as the Company's auditor is no longer tolerable to the Company. OOC's reports on the financial statements of the Company for the years ended July 2023 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, other than an explanatory paragraph regarding the Company's ability to continue as a going concern. During the course of OOC's engagement there were no disagreements with OOC on any matters of accounting principles or practices, financial statement disclosure or auditing scope and procedures which, if not resolved to the satisfaction of OOC, would have caused OOC to make reference to the matter in its audit opinion. There were no reportable events (as that term is described in Item 304(a)(1)(v) of Regulation S-K) during the period OOC was engaged as the Company's auditor. The Company provided a copy of the foregoing disclosures to OOC and requested that OOC furnish it with a letter addressed to the Securities and Exchange Commission stating whether OOC agrees with the above statements. A copy of OOC's letter, da
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are filed as part of this report. Exhibit No. Description 16.1 Letter from OOC dated November 20, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GALAXY ENTERPRISES, INC. Dated: November 21, 2024 By: /s/ Greg Navone Chief Executive Officer 3