Provider of interactive learning technology solutions Galaxy Next Generation (OTCMKTS:GAXY) has provided shareholder updates on August 4, 2021.
The company said that there is a buzz around the U.S. education market considering the influx of resources available to schools through multiple stimulus grants. A busy season awaits the company as the new school year begins and Galaxy awaits to see students take advantage from its technology getting delivered and installed. The firm confirmed that GAXY is completely compliant and reporting OTCQB company and won’t be affected by any changes done by brokers. Galaxy said that its next financial report is the 10K, which is due by September 30th.
Much has been spoken regarding dilution. In a previous update letter provided by the firm, the company announced the elimination of all toxic convertible debt.
By ensuring non-addition of any convertible debt back to the balance sheet, the firm has kept its promise made earlier.
Some other milestones include Carrie Amelio joining the team as the Northeast Regional Sales Manager. Walt Mischley, who has been with the company, will now be heading its Texas market. Pam Fisher who joined Galaxy when CTS assets were purchased, will be heading internal marketing efforts and will be a liaison between management and efforts done by CB&A.