Research analysts covering Galaxy Payroll Group.
Recent press releases and 8-K filings for GLXG.
Galaxy Payroll Group Ltd Regains Nasdaq Minimum Bid Price Compliance
GLXG
Delisting/Listing Issues
- Galaxy Payroll Group Limited (GLXG) has regained compliance with the Nasdaq Minimum Bid Price Requirement.
- The company was initially notified on March 17, 2025, that it did not comply with Nasdaq Listing Rule 5550(a)(2) as its bid price closed at less than $1 per share for 30 consecutive business days.
- Nasdaq formally notified the company on September 22, 2025, that it had regained compliance after its closing bid price was $1.00 per share or greater for 10 consecutive business days from September 8 to September 19, 2025.
Sep 23, 2025, 4:23 PM
Galaxy Payroll Group Limited Granted Additional Nasdaq Compliance Period
GLXG
Delisting/Listing Issues
- Galaxy Payroll Group Limited (GLXG) has been granted an additional 180-day compliance period by Nasdaq, extending its deadline to regain the minimum bid price requirement until March 16, 2026.
- The company did not regain compliance with the $1.00 per share minimum bid price during the initial 180-day period, which expired on September 15, 2025.
- To meet the requirement, GLXG's ordinary shares must close at $1.00 or more for at least ten consecutive business days by the new deadline, with the company intending to effect a reverse stock split if necessary.
Sep 18, 2025, 2:30 PM
Galaxy Payroll Group Announces Share Consolidation
GLXG
Delisting/Listing Issues
Accounting Changes
Capital Structure
- Galaxy Payroll Group Limited announced a share consolidation at a ratio of ten (10) shares to one (1) share.
- The share consolidation will be effective on September 8, 2025, and the company's ordinary shares will begin trading on a consolidation-adjusted basis on the Nasdaq Capital Market on the same date.
- The consolidation will reduce the number of outstanding ordinary shares from 21,615,000 to approximately 2,161,500.
- No fractional shares will be issued; instead, shareholders who would have received a fractional share will receive one full post-Share Consolidation ordinary share.
Sep 3, 2025, 8:35 PM
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