 Proceeds to Be Used to Increase Market Penetration and Sales TOCCOA, GA ACCESSWIRE January 6, 2021 Galaxy Next Generation, Inc. OTCQB:GAXY Galaxy or the Company, a provider of interactive learning technology solutions, today announced that it entered into a common stock purchase agreement and registration rights agreement together, the Agreements with an institutional investor for up to 10 million worth of shares issuable over a 24-month period time, based upon the current market price of the stock at the time. Separately, upon entering into the Agreements, the investor made an initial fixed price equity investment of 500,000, which is subject to Rule 144 and a 6-month holding period. 