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GAXY - Galaxy Next Generation offloads liabilities; improves balance sheet
Galaxy Next Generation Inc
Galaxy Next Generation ([[GAXY]] +2.7%) reduced liabilities and convertible debt by $2.5M, including cash payments of $1M and a combination of stock and cash for the additional $1.5M.Along with capital infusions, the company is consciously aware about partnering with the right investors moving forward and the effect of investments on its shareholders.