Galaxy Payroll Group Amends Securities Purchase Agreement
Ticker: GLXG · Form: 6-K · Filed: Sep 12, 2025 · CIK: 1905920
| Field | Detail |
|---|---|
| Company | Galaxy Payroll Group LTD (GLXG) |
| Form Type | 6-K |
| Filed Date | Sep 12, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0, $0.33, $0.2178, $2.178 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, securities-purchase-agreement, financing
TL;DR
Galaxy Payroll Group amended a July 11 purchase deal, details TBD.
AI Summary
Galaxy Payroll Group Limited announced an amendment to its Securities Purchase Agreement on September 12, 2025. This amendment relates to a previous agreement entered into on July 11, 2025, with certain unnamed entities. The filing does not specify the nature of the amendment or the parties involved beyond 'certain entities'.
Why It Matters
Amendments to securities purchase agreements can signal changes in financing terms, deal structures, or investor commitments, potentially impacting the company's financial strategy and future operations.
Risk Assessment
Risk Level: medium — The filing is an amendment to a previous agreement, and the lack of specific details about the amendment's nature or the involved parties introduces uncertainty.
Key Players & Entities
- Galaxy Payroll Group Limited (company) — Filer of the report and party to the agreement
- Securities Purchase Agreement (document) — Agreement being amended
- July 11, 2025 (date) — Date of the original Securities Purchase Agreement
- September 12, 2025 (date) — Date of the amendment filing
FAQ
What specific terms of the Securities Purchase Agreement were amended?
The filing does not specify the exact terms that were amended, only that an amendment was made to the agreement originally dated July 11, 2025.
Who are the 'certain entities' that are parties to the Securities Purchase Agreement?
The filing refers to 'certain entities named therein' but does not disclose their names.
What is the purpose of this amendment?
The purpose of the amendment is not detailed in this filing.
Does this amendment affect the original closing date or terms of the securities purchase?
The filing does not provide information on whether the amendment affects the closing date or other terms of the original purchase.
Is this amendment a material change to the original agreement?
The filing does not explicitly state whether the amendment is material, but amendments to such agreements often carry significant implications.
Filing Stats: 395 words · 2 min read · ~1 pages · Grade level 13.2 · Accepted 2025-09-12 16:05:03
Key Financial Figures
- $0 — nary shares, each with a par value of US$0.000625, through a private investment in
- $0.33 — tment in public equity, at a price of US$0.33 per Class A Ordinary Share. On Septemb
- $0.2178 — ; (ii) the purchase price is revised to $0.2178 per share (equivalent to $2.178 after t
- $2.178 — sed to $0.2178 per share (equivalent to $2.178 after the Share Consolidation), being 6
Filing Documents
- ea0257161-6k_galaxy.htm (6-K) — 11KB
- ea025716101ex10-1_galaxy.htm (EX-10.1) — 14KB
- 0001213900-25-087205.txt ( ) — 27KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2025 Commission File Number: 001-42269 Galaxy Payroll Group Limited 25th Floor, Ovest, 77 Wing Lok Street, Sheung Wan, Hong Kong +852 3105 2611 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Amendment to the Securities Purchase Agreement As previously disclosed, on July 11, 2025, Galaxy Payroll Group Limited (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain entities named therein (each an “Investor,” and collectively, the “Investors”). Pursuant to the Purchase Agreement, the Investors agreed to subscribe, and the Company agreed to issue and sell an aggregate of 15,000,000 Class A ordinary shares, each with a par value of US$0.000625, through a private investment in public equity, at a price of US$0.33 per Class A Ordinary Share. On September 12, 2025, the Company entered into a certain amendment (the “Amendment”) to the Purchase Agreement in accordance with the terms of the Purchase Agreement. Pursuant to the Amendment, the Company and the Investor agreed to amend and restate that (i) the par value of the Company’s ordinary shares is revised to $0.00625, resulting from the Company’s 1-for-10 share consolidation effected on September 8, 2025 (the “Share Consolidation”); (ii) the purchase price is revised to $0.2178 per share (equivalent to $2.178 after the Share Consolidation), being 60% of the listed closing price of the Company’s ordinary shares on September 5, 2025. The foregoing descriptions of the Amendment are summaries of the material terms of such agreement, do not purport to be complete and are qualified in their entirety by reference to the Form of the Amendment, which are furnished hereto as Exhibits 10.1. 1 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. GALAXY PAYROLL GROUP LIMITED By: /s/ Wai Hong Lao Name: Wai Hong Lao Title: Chief Executive Officer Date: September 12, 2025 2 EXHIBIT INDEX Exhibit No. Exhibit 10.1 Form of First Amendment to Securities Purchase Agreement 3