OTC: GLEI

Galaxy Enterprises Inc. /WY/

CIK 0001871890 · Real Estate Agents & Managers

Micro by assets Assets $15K as of Jun 15, 2026

We intend to commence business operations by offering real estate management services for clients that focus on cost efficient operations and tenant retention on a range of properties including residential housing and Class A, B, and C office space, as well as industrial, manufacturing, retail, and… About this business →

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10-Q Filed Jun 12, 2026 · Period ending Apr 30, 2026

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10-Q Filed Mar 25, 2026 · Period ending Jan 31, 2026

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10-K Filed Oct 9, 2025 · Period ending Jul 31, 2025

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10-K Filed Dec 13, 2024 · Period ending Jul 31, 2024

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8-K Filed Nov 22, 2024 · Period ending Nov 1, 2024

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8-K Filed Mar 19, 2024 · Period ending Dec 11, 2023

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8-K Filed Nov 8, 2023 · Period ending Nov 6, 2023

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About Galaxy Enterprises Inc. /WY/

Source: Item 1 (Business) from the 10-K filed October 9, 2025. Description as filed by the company with the SEC.

Item 1. Business.

General Development of Business

Overview

We intend to commence business operations by offering real estate management services for clients that focus on cost efficient operations and tenant retention on a range of properties including residential housing and Class A, B, and C office space, as well as industrial, manufacturing, retail, and warehousing facilities. We also intend to provide our clients with real estate consulting services, including market analysis and modeling, market forecasts, lease and asset management, site selection, feasibility studies, sales and exit strategies, strategic planning, organizational design, capital management, and research services. We intend to commence operations in the Las Vegas, Nevada area due to the significant demand for real estate management services there and the proximity of our management team to that city.

We were only incorporated on March 24, 2021, and have not commenced pursuing our business plan because we have been focused on raising the initial capital to fund our business operations. From our incorporation on March 24, 2021, to July 31, 2025, we have incurred an accumulated deficit of $116,661. To date, we have raised an aggregate of $83,400 through the sale of our common stock. Proceeds from these sales were used to fund the filing of our registration statement and will be used for working capital. Further losses are anticipated in the development of our business. As a result, our auditor has expressed substantial doubt about our ability to continue as a going concern.

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Anticipated Services

We intend to provide clients with two principal types of services: (1) property management; and (2) property consulting.

Property Management Services

As property managers, the services that we intend to provide to owners of residential, commercial, and industrial properties include:

·completing an initial evaluation of properties and working with the owners to determine a target rental or lease rate;

·gathering comparable rental and lease rates in the area of the properties;

·reviewing the properties to determine if any repairs or upgrades should be recommended to the owners to increase rental or lease value;

·gathering detailed information regarding the features of the properties, including interior and exterior photographs;

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·discussing with the owners the policies that they would like to implement with respect to the rental or lease arrangements (e.g., acceptability of pets in a residential property; acceptable uses for commercial and industrial properties);

·marketing the properties for rent or lease by creating advertisements in various media including online, print, onsite signage, and fliers depending on the suitability of each medium for the type of property involved;

·answering potential tenant and lessee inquiries; meeting with them to view properties; and collecting applications and deposits;

·performing background and credit checks on prospective tenants and lessees;

·communicating with the property owners regarding prospective tenants and lessees;

·preparing and overseeing the execution of lease agreements;

·performing move-in inspections with tenants and lessees and having them execute a report verifying the condition of the property prior to the lease commencement date;

·collecting security deposits, rents, and lease payments;

·pursuing late payments and fees;

·where necessary, preparing the necessary paperwork to evict or commence an unlawful detainer action;

·performing periodic property inspections and providing the results of each inspection to the owner if there are concerns regarding the condition of the property;

·providing accounting services to document and record cash inflows and outflows, as well as related invoices, receipts, and payment information;

·preparing monthly cash flow statements and annual reports of financial results including required tax documents for the owners;

·overseeing maintenance and repairs on properties; and

·managing tenant and lessee move-out including inspections, damage assessment, and damage deposit returns.

We intend to generate revenue by charging owners a set monthly fee for our property management services, which will usually be based on a percentage of the revenue that a rented or leased property generates. Such fees will vary depending on the type of property involved, the amount of work that we will have to perform, and the rates that competitors charge for similar services.

Property Consulting Services

As property consultants, the services that we intend to provide include:

·preparing plans of action and evaluation for clients considering real estate acquisitions and development;

·interpreting relevant real estate market data concerning price, yield, market stability, investment risks and trends, regulation, and economic influences;

·searching public records for transactions such as sales, leases, and assessments;

·computing property values while considering factors such as depreciation, replacement cost, comparable properties, and income potential;

·obtaining county land values and sales information in support of value assessments;

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·checking building codes and zoning bylaws that may impact appraisal and development;

·estimating building replacement costs using building valuation manuals and professional cost estimators;

·inspecting properties to evaluate construction, condition, features, and functional design;

·evaluating land and neighborhoods where properties are situated including assessing locations, trends, and pending changes that could influence present and developed land value;

·providing market analysis and modelling for properties, as well as market forecasts and research; and

·providing advice on site selection, feasibility studies, sales and exit strategies, strategic planning, organizational design, and capital management.

We intend to generate revenue by charging owners either an hourly rate for our services or a set price for certain service that we reach through negotiation with the clients. Initially, our sole officer and director, Gregory Navone, will provide these services to clients. As our operations expand, we will need to retain additional staff in order to provide all of the above-noted services.

Demand for Property Management and Consulting Services

According to the University of Nevada – Las Vegas Center for Business and Economic Research’s 2025 forecast, Clark County’s population reached about 2.42 million in 2024 and is projected to surpass 2.92 million by 2040, driven largely by steady in-migration. Construction activity is strong, with nearly $13 billion in projects expected in 2025, led by multifamily housing, industrial facilities, and public works. However, labor shortages, high costs, and elevated multifamily vacancies suggest demand will continue to outpace efficient supply. These factors are expected to increase the need for residential, commercial, and industrial property management and consulting services throughout the region. However, the firm foresees that demand will outpace supply due to labor and supply chain constraints. These trends will likely increase demand for residential, commercial, and industrial real estate in the area, as well as increase demand for property management and consulting services.

Marketing Strategy

While we intend to offer our services to all sectors of the property management and consulting markets, we will initially focus on commercial real and multi-unit residential estate given our president’s experience in developing and operating shopping centers and apartment buildings in Las Vegas. We believe that we will be able to charge higher rates for our services in these sectors because they tend to generate relatively higher profit margins for owners and often require significant professional management and advice due to the large scale of construction and operations.

In order to reach our target market sectors, we intend to rely upon the real estate and other business relationships that our directors have established in the Las Vegas area and also focus our marketing efforts on our Internet presence, electronic brochures, and as our business develops, print media advertising. We believe that social media tools are critically important to building our brand and awareness of our business and will focus on online video advertising, client testimonials, and virtual tours of available properties that we manage. We also intend to select and place advertising on those social media platforms that will be effective in reaching our target clients.

Competition

The real estate management sector, including real estate consulting, is extremely fragmented and competitive. The sector includes large entities that provide services nationally, such as Greystar Real Estate Partners Lincoln Property Company, and CRBE Group, as well as real estate investment trusts and real estate developers that have in-house real estate management. There are also many well-established residential, commercial, and industrial property management companies that solely focus on the Las Vegas area.

Since the principal competitive factors in providing property management services are pricing, reputation, and quality of service, the fact that most of our competitors have greater financial resources, enjoy greater economies of scale, and have established reputations will make it more difficult for us to gain market share. We also expect to continue to

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face competition from new market entrants. We may be unable to compete effectively with these existing or new competitors, which could have a material adverse effect on our financial condition and results of operations.

Government Regulation

Nevada State Licensing Requirements

Under Nevada law, property management is considered to be a real estate activity requiring a real estate broker’s license. In order to lease, rent, list, collect rents, procure prospects, or negotiate, assist, or offer to perform any of those acts, he or she needs either a salesperson’s or broker’s license. In addition, he or she must obtain a property manager permit. No broker’s license is required if the property manager does not engage in leasing activities, or if they are strictly on-site managers. Currently, only Gregory Navone, our president, has a real estate broker’s license in Nevada. He intends to apply for a property manager permit. In order to obtain a Nevada property management permit, a person must have a Nevada real estate license, attend an accredited 24-hour property management pre-permit course, and pass the Nevada property management state examination within one year of the date of application.

To obtain a license as a real estate salesperson in Nevada, one must complete 90 hours or six semester units of instruction in real estate principles, practices, and law that is given by an approved provider. Additionally, applicants must show proof of passing the national and Nevada state exam within one year of the application date. To obtain a license as a real estate broker in Nevada, a person must complete 64 semester units of instruction. The applicant must have been actively engaged as a full-time licensed real estate broker or salesman for at least two of the four years immediately prior to the issuance of a Nevada broker license and must pass the national and Nevada state exam within one year of the application date.

Nevada Revised Statute (“NRS”) 645 outlines various laws that apply to real estate brokers and salespersons. Among the duties that it imposes on those with a real estate license in Nevada include obligations to:

1.Not deal with any party to a real estate transaction in a manner which is deceitful, fraudulent or dishonest;

2.Exercise reasonable skill and care with respect to all parties to the real estate transaction;

3.Disclose to each party to the real estate transaction as soon as practicable (a) any material and relevant facts, data or information which licensee knows, or with reasonable care and diligence the licensee should know, about the property; and (b) each source from which licensee will receive compensation.

4.Abide by all other duties, responsibilities and obligations required of the licensee in law or regulations;

5.Exercise reasonable skill and care to carry out the terms of the brokerage agreement and the licensee’s duties in the brokerage agreement;

6.Not disclose, except to the licensee’s broker, confidential information relating to a client for one year after the revocation or termination of the brokerage agreement, unless licensee is required to do so by court order or the client gives written permission;

7.Seek a sale, purchase, option, rental or lease of real property at the price and terms stated in the brokerage agreement or at a price acceptable to the client;

8.Present all offers made to, or by the client as soon as practicable, unless the client chooses to waive the duty of the licensee to present all offers and signs a waiver of the duty on a form prescribed by the Nevada Real Estate Division;

9.Disclose to the client material facts of which the licensee has knowledge concerning the real estate transaction;

10.Advise the client to obtain advice from an expert relating to matters which are beyond the expertise of the licensee; and

11.Account to the client for all money and property the licensee receives in which the client may have an interest.

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Property Management

NRS 645 also mandates that a property management agreement must include:

1.The term of the agreement and, if the agreement is subject to renewal, provisions clearly setting forth the circumstances under which the agreement may be renewed and the term of each such renewal;

2.A provision for the retention and disposition of deposits of the tenants of the property during the term of the agreement and, if the agreement is subject to renewal, during the term of each such renewal;

3.The fee or compensation to be paid to the broker;

4.The extent to which the broker may act as the agent of the client;

5.If the agreement is subject to cancellation, provisions clearly setting forth the circumstances under which the agreement may be cancelled. The agreement may authorize the broker or the client, or both, to cancel the agreement with cause or without cause, or both, under the circumstances set forth in the agreement; and

6.If the broker intends to provide asset management services for the client, a provision indicating the extent to which the broker will provide those services.

Subsidiaries

We do not have any subsidiaries.

Patents and Trademarks

We do not own, either legally or beneficially, any patents or trademarks.

Governmental and Industry Regulations

We will be subject to federal and state laws and regulations that relate directly or indirectly to our operations including federal securities laws. We will also be subject to common business and tax rules and regulations pertaining to the operation of our business.

Research and Development Activities and Costs

We have not spent any funds on research and development activities to date.

Compliance with Environmental Laws

Our current operations are not subject to any environmental laws.

Facilities

We do not own or rent facilities of any kind. We plan to conduct our operations from the office of our president until we are in a position to commence and expand operations.

Employees

We have commenced only limited operations, and therefore currently have no employees other than our sole officer and director.