---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000397"
form_type: "8-K"
ticker: "GLEI"
cik: "0001871890"
company_name: "Galaxy Enterprises Inc. /WY/"
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:58:11.853400+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Galaxy Enterprises dismisses auditor OOC amid SEC fraud charges, engages LAO PS

## Summary
- Board approved dismissal of OOC and engagement of LAO Professional Services effective Oct 28, 2024.
- Reason: SEC charged OOC with allegedly aiding and abetting securities fraud, making continued retention intolerable.
- OOC's FY July 2023 audit report contained a going-concern explanatory paragraph but no adverse opinion.
- No disagreements on accounting principles or reportable events during OOC's engagement.
- OOC provided a letter dated Nov 20, 2024, agreeing with disclosures, filed as Exhibit 16.1.

## SEC filing metadata
- accession: 0001393905-24-000397
- form_type: 8-K
- ticker: GLEI
- cik: 0001871890
- company_name: Galaxy Enterprises Inc. /WY/
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871890/000139390524000397/0001393905-24-000397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871890/000139390524000397/glei-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000397
- JSON: https://secwatch.observer/filing/0001393905-24-000397.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000397.txt

## Key facts
- Auditor Changes
  Galaxy Enterprises Inc. /WY/ dismissed Olayinka Oyebola & Co (OOC) as its auditor.
  - Action: dismissal
  - Auditor: Olayinka Oyebola & Co (OOC)
  - Successor: LAO Professional Services
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1871890/000139390524000397/0001393905-24-000397-index.htm
- Auditor Changes
  Galaxy Enterprises Inc. /WY/ engaged LAO Professional Services as its auditor.
  - Action: engagement
  - Auditor: LAO Professional Services
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1871890/000139390524000397/0001393905-24-000397-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.