{"schema_version":"secwatch.filing_event.v1","accession":"0001091818-24-000153","form_type":"8-K","ticker":null,"cik":"0001127993","company_name":"GALAXY NEXT GENERATION, INC.","filed_at":"2024-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.735078+00:00","generated_at":"2026-05-29T03:51:38.419106+00:00","sec_items":["1.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Galaxy Next Generation files amended Chapter 11 plan; equity interests canceled, company to go private","bullets":["First Amended Plan of Reorganization filed Nov 22, 2024; confirmation hearing set for Jan 8, 2025.","Plan cancels all existing equity interests (Class 12) with no distributions to shareholders.","Unsecured creditors (Class 10) to receive distributions; 12 creditor classes defined.","Company will cease to be a publicly traded corporation after the plan's effective date.","Chapter 11 triggered by $10.035M judgment from Bradley Ehlert; unable to post supersedeas bond."],"urls":{"canonical":"https://secwatch.observer/filing/0001091818-24-000153","json":"https://secwatch.observer/filing/0001091818-24-000153.json","markdown":"https://secwatch.observer/filing/0001091818-24-000153.md","text":"https://secwatch.observer/filing/0001091818-24-000153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1127993/000109181824000153/0001091818-24-000153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1127993/000109181824000153/gaxy1212248k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T03:51:38.419106+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"526d9552f522db9a83f14ef8ca471adfdd1307af","claim":"GALAXY NEXT GENERATION, INC. entered chapter 11 in U.S. Bankruptcy Court for the District of Northern Georgia (petition 2024-05-09).","evidence_excerpt":"Voluntary Petition for Reorganization and proposed Chapter 11 Plan On May 9, 2024 (the \"Petition Date\"), Galaxy Next Generation, Inc. (the \"Company\" or the “Debtor”) filed a voluntary petition to commence proceedings under chapter 11 of title 11 of the United States Code (the \"Bankruptcy Code\") in the U.S. Bankruptcy Court for the District of Northern Georgia (the \"Bankruptcy Court\"), Case No. 24-20552-jrs (the “Chapter 11 Case”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127993/000109181824000153/0001091818-24-000153-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"U.S. Bankruptcy Court for the District of Northern Georgia"},{"label":"Petition","value":"2024-05-09"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}