Galexxy Holdings, Inc. (OTCPK:GXXY) signed a binding Term Sheet to acquire a 69% stake in ABC Wholesale Products LLC for $1 million on August 10, 2022. The acquisition price for 69% is being paid in the form of $100,000 in cash, plus 6,000,000 GXXY Reg-A shares. Under the terms of the Acquisition Agreement these shares are restricted from sale for 6 months. The shares will then be subject to further restrictions, limiting selling at a rate of not more than 1.5 million shares per month.