Galenfeha : Disclosure Statement for the Quarter Ended March 31, 2022

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

GALENFEHA, INC.

(Exact name of Company as specified in its charter)

(As Amended)

1421 Oglethorpe Rd.

West Palm Beach, Florida 33405

561-440-5660

SIC Code 6719

Quarterly Report for Period Ended March 31,

2022 and Year Ended December 31, 2021

(as Amended June 10, 2022)

As of March 31, 2022, the number of shares outstanding of our Common Stock was: 83,825,679

As of December 31, 2021, the number of shares outstanding of our Common Stock was: 83,825,679

As of September 30, 2021, the number of shares outstanding of our Common Stock was: 90,325,679

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: No: X

Indicate by check mark whether the company's shell status has changed since the previous reporting period: Yes: No: X

Indicate by check mark whether a Change in Control of the company has occurred over this reporting period: Yes: X No:

1 "Change in Control" shall mean any events resulting in: (i) Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities; (ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets; (iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or (iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the Issuer.

1. Name and address(es) of the issuer and its predecessors (if any) In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.
   Current name: Galenfeha, Inc. - Inception March 14, 2013 to Present
   The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

State: Nevada Status: Active

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

NONE

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

On November 20, 2021 the then Chairman and Chief Executive Officer, Ryan Tyszkow purchased 100% of the outstanding stock of our subsidiaries Nexgen Environmental Services, Inc. and Eminent Auto Group, Inc. Concurrent with the purchase Mr. Tyszkow resigned from the Board of Directors and as Chief Executive Officer of the Company. The board appointed Darrell L. Peterson as Chief Executive Officer in addition to his current duties as Chief Financial Officer.

Mr. Tyszkow purchased the companies for $350,000 and the assumption of all debts of the operating entities. The purchase price consisted of the return of shares previously issued and held by the original owners of the acquired companies. The returned shares totaled 6,500,000.

The board of directors determined that further borrowing of funds from the then Chief Executive Officer, would lead to a significant dilution of the shareholders as funding commitments and personal guarantees necessary to fund the companies sold far exceeded the original commitment of the former Chief Executive Officer and could not be obtained by the Company in a timely manner without significant cost to obtain that capital.

The Company retains its' position in our flagship project, EZ Shop Quotes.

The address(es) of the issuer's principal executive office:

1421 Oglethorpe Road

West Palm Beach, Florida 33405

The address(es) of the issuer's principal place of business: Check box if principal executive office

and principal place of business are the same address: x

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years? Yes: ☐ No: ☒

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

N/A

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2) Security Information Trading symbol: GLFH

Exact title and class of securities outstanding: Common Stock

CUSIP: 363377102

Par or stated value: No Par Value

Total shares authorized:	150,000,000 as of date: March 31, 2022
Total shares outstanding:	83,825,679 as of date: March 31, 2022

Number of shares in the Public Float: 61,859,482 as of date: March 31, 2022

Total number of shareholders of record: 152 as of date: March 31, 2022

All additional class(es) of publicly traded securities (if any): NONE

Trading symbol: n/a

Exact title and class of securities outstanding: n/a

CUSIP: n/a

Par or stated value: n/a

Total shares authorized: as of date: n/a

Total shares outstanding: as of date: n/a

Transfer Agent Name:

Transfer Online, Inc.

Phone: [phone]

Email: [e-mail]

Address: 512 SE Salmon Street

Portland, OR 97214

Website: www.transferonline.com

Is the Transfer Agent registered under the Exchange Act? Yes: ☒ No: ☐

1. Issuance History

The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.

1. Changes to the Number of Outstanding Shares Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: : ☐

Shares Outstanding as of Second Most
Recent Fiscal
Year End:
Date 12/31/2019	Opening Balance
		Common:
		72,300,000
		Preferred A:
		7,300,000
		Preferred B:
		27,347,563
								Individual/	Reason for
								Entity Shares
								share
								were issued to
	Transaction			Value of		issuance (e.g.
				(entities must
	type (e.g. new	Number of		shares			for cash or	Restricted or	Exemption or
				have individual
Date of	issuance,	Shares	Class of	issued ($/per	Were the	debt	Unrestricted	Registration
Transaction	cancellation,	Issued (or	Securities	share) at	shares	with voting /	conversion)	as of this	Type.
investment
	shares	cancelled)		issuance	issued at a	-OR-	filing.
		control
							discount to	Nature of
							disclosed).
							market price	Services
							at the time of		provided
							issuance?
3/11/2020		Cancellation	(800,000)	Common	$	0.0100	No	Trey Moore	Pvt. Trans	Restricted	4(a)2Exemption
3/11/2020		Issuance	700,000	Common	$	0.0100	No	KTNR, Inc. (1)	Pvt Trans	Restricted	4(a)2Exemption
3/11/2020		Issuance	100,000	Common	$	0.0100	No	Trey Moore	Pvt Trans	Restricted	4(a)2Exemption
3/11/2020		Cancellation	(700,000)	Common	$	0.0100	No	KTNR, Inc. (1)	Pvt Trans	Restricted	4(a)2Exemption
3/11/2020		Issuance	700,000	Preferred B	$	0.0100	No	KTNR, Inc. (1)	Pvt Trans	Restricted	4(a)2Exemption
12/30/2020		Cancellation	(18,750,000)	Preferred A	$	0.0100	No	KTNR, Inc. (1)	Pvt Trans	Restricted	4(a)2Exemption
		Issuance		Preferred A			No	Ryan Tisko	Pvt Trans	Restricted	4(a)2Exemption
12/30/2020		17,300,000	$	0.0100	LLC (2)
12/30/2020		Issuance	1,450,000	Preferred A	$	0.0100	No	KTNR, Inc. (1)	Pvt Trans	Restricted	4(a)2Exemption
12/30/2020		Cancellation	(12,700,000)	Preferred B	$	0.0100	No	KTNR, Inc. (1)	Pvt Trans	Restricted	4(a)2Exemption
		Issuance		Preferred B			No	Ryan Tisko	Pvt Trans	Restricted	4(a)2Exemption
12/30/2020		12,700,000	$	0.0100	LLC (2)
		Issuance		Common			No	Ryan Tisko	Emp	Restricted	4(a)2Exemption
1/29/2021		1,500,000	$	0.0100	LLC (2)
			Agreement
		Issuance		Common			No	Darrell	Emp	Restricted	4(a)2Exemption
1/29/2021		1,500,000	$	0.0100	L.Peterson
					Agreement
2/9/2021		Issuance	1,250,000	Common	$	0.0100	No	Ryan Daniello	Acquisition	Restricted	4(a)2Exemption
		Issuance		Common			No	Ryan Tisko	Acquisition	Restricted	4(a)2Exemption
2/9/2021		1,250,000	$	0.0100	LLC (2)
6/15/2021		Issuance	1,000,000	Common	$	0.0100	No	Wyatt Poff	Acquisition	Restricted	4(a)2Exemption
6/15/2021		Issuance	1,000,000	Common	$	0.0100	No	Robert Poff	Acquisition	Restricted	4(a)2Exemption
		Issuance		Common			No	Ryan Tisko	Acquisition	Restricted	4(a)2Exemption
6/15/2021		500,000	$	0.0100	LLC (2)
		Issuance		Preferred C			No	Ryan Tisko	Agreement	Restricted	4(a)2Exemption
8/12/2021		1	$	0.0100	LLC (2)
		Cancellation		Common			No	Ryan Tisko	Acquisition	Restricted	4(a)2Exemption
11/25/2021		(500,000)	$	0.0500	LLC (2)
11/25/2021		Cancellation	(1,250,000)	Common	$	0.0500	No	Ryan Daniello	Acquisition	Restricted	4(a)2Exemption
		Cancellation		Common			No	Ryan Tisko	Acquisition	Restricted	4(a)2Exemption
11/25/2021		(1,250,000)	$	0.0500	LLC (2)
11/25/2021		Cancellation	(1,000,000)	Common	$	0.0500	No	Wyatt Poff	Acquisition	Restricted	4(a)2Exemption
11/25/2021		Cancellation	(1,000,000)	Common	$	0.0500	No	Robert Poff	Acquisition	Restricted	4(a)2Exemption
		Cancellation		Common			No	Ryan Tisko	Acquisition	Restricted	4(a)2Exemption
11/25/2021		(1,500,000)	$	0.0500	LLC (2)