Company: GLEI
Filing Date: 2025-10-09
Form Type: 10-K
Source: 0001871890-25-000007
Chunk: 7

Company: Galaxy Enterprises Inc. /WY/
Filing Date: 2025-10-09
Form: 10-K
Item: Item 9A
Chunk 7
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 not be prevented or detected on a timely basis. We have identified the following material weaknesses in our internal control over financial reporting using the criteria established in the COSO:

1Failing to have an audit committee or other independent committee that is independent of management to assess internal control over financial reporting; and 

2Failing to have a director that qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions and that the degree of compliance with the policies or procedures may deteriorate.

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm, pursuant to rules of the Securities and Exchange Commission that permit us to provide only 

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management’s report in this annual report. Management concluded in this assessment that as of July 31, 2025, our internal control over financial reporting is not effective.

There have been no significant changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d15(f) under the Exchange Act) during our 2025 fiscal year that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.