Galaxy Payroll Regains Nasdaq Compliance
Ticker: GLXG · Form: 6-K · Filed: Sep 23, 2025 · CIK: 1905920
| Field | Detail |
|---|---|
| Company | Galaxy Payroll Group LTD (GLXG) |
| Form Type | 6-K |
| Filed Date | Sep 23, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $1.00 |
| Sentiment | bullish |
Sentiment: bullish
Topics: compliance, listing-rules, sec-filing
TL;DR
Galaxy Payroll is back in Nasdaq's good graces after filing its overdue reports.
AI Summary
Galaxy Payroll Group Ltd. announced on September 23, 2025, that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding the timely filing of its annual report on Form 20-F. The company had previously received a deficiency letter on March 17, 2025, but has now submitted the required filings.
Why It Matters
Regaining compliance with Nasdaq listing rules is crucial for maintaining the company's stock trading status on the exchange, preventing potential delisting and ensuring continued investor confidence.
Risk Assessment
Risk Level: low — The filing indicates the company has resolved a previously disclosed compliance issue with Nasdaq, reducing immediate risk.
Key Numbers
- 001-42269 — SEC File Number (Identifies the specific SEC filing for Galaxy Payroll Group Ltd.)
Key Players & Entities
- Galaxy Payroll Group Ltd (company) — The company filing the report and addressing Nasdaq compliance.
- Nasdaq Stock Market (company) — The stock exchange where Galaxy Payroll Group Ltd. is listed.
- March 17, 2025 (date) — Date the company received the initial deficiency letter from Nasdaq.
- September 23, 2025 (date) — Date of this Form 6-K filing announcing regained compliance.
FAQ
What specific Nasdaq Listing Rule did Galaxy Payroll Group Ltd. need to comply with?
Galaxy Payroll Group Ltd. needed to comply with Nasdaq Listing Rule 5250(c)(1), which pertains to the timely filing of required financial reports.
When did Galaxy Payroll Group Ltd. initially receive notice of non-compliance?
The company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market on March 17, 2025, indicating non-compliance.
What form is required for annual reports for foreign private issuers like Galaxy Payroll Group Ltd.?
Foreign private issuers like Galaxy Payroll Group Ltd. file their annual reports under cover of Form 20-F.
What is the principal executive office address for Galaxy Payroll Group Ltd.?
The principal executive office of Galaxy Payroll Group Ltd. is located at 25th Floor, Ovest, 77 Wing Lok Street, Sheung Wan, Hong Kong.
What is the filing date of this Form 6-K report?
This Form 6-K report was filed on September 23, 2025.
Filing Stats: 402 words · 2 min read · ~1 pages · Grade level 15.4 · Accepted 2025-09-23 12:23:59
Key Financial Figures
- $1 — of the Company had closed at less than $1 per share over the previous 30 consecut
- $1.00 — Company’s ordinary shares was at $1.00 per share or greater for the last 10 co
Filing Documents
- ea0258446-6k_galaxy.htm (6-K) — 13KB
- ea025844601ex99-1_galaxy.htm (EX-99.1) — 6KB
- 0001213900-25-090466.txt ( ) — 20KB
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 INFORMATION CONTAINED IN THIS FORM 6-K REPORT Notice of Regained Compliance with Nasdaq Listing Rules As previously disclosed, on March 17, 2025, Galaxy Payroll Group Limited (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the bid price of the Company had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result did not comply with Listing Rule 5550(a)(2). Nasdaq has provided the Company with an 180 calendar days compliance period, or until September 15, 2025, in which to regain compliance with Nasdaq continued listing requirement. On September 16, 2025, the Company received a letter from Nasdaq, notifying the Company that Nasdaq has determined the Company is eligible for an additional 180 calendar day period, or until March 16, 2026, to regain compliance with the minimum bid price of $1 per share requirement pursuant to the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2). On September 22, 2025, the Company received formal notification from Nasdaq, that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. Nasdaq made this determination of compliance after the closing bid price of the Company’s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days from September 8 to September 19, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the prior bid price deficiency matter is now closed. 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 23, 2025 2 EXHIBIT INDEX Exhibit No. Exhibit 99.1 Press release 3