Galaxy Payroll Group Limited has announced it has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Stock Market LLC. The company received notification from Nasdaq on March 17, 2025, that its ordinary shares had failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by listing rules. This development represents a critical turning point for the company's market standing and investor confidence.
The payroll provider successfully addressed the compliance issue through active measures, with the company's ordinary shares maintaining a closing bid price of $1.00 per share or greater for 10 consecutive business days from September 8 through September 19, 2025. Nasdaq has formally notified the company that it has regained compliance with Listing Rule 5550(a)(2), closing the matter. This achievement prevents potential delisting procedures that could have significantly impacted shareholder value and market perception.
Chief Executive Officer Wai Hong Lao stated that the company regained compliance well ahead of the stipulated deadline, noting that the positive momentum reflects growing confidence in the business strategy and operational execution. The company maintains its focus on driving long-term growth and creating sustainable value for shareholders. This timely resolution underscores management's ability to navigate regulatory challenges while maintaining business operations.
The compliance achievement comes as Galaxy Payroll Group continues to operate as a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries, with operations spanning Hong Kong, Taiwan, Macau, and the PRC. Additional information about the company's services is available at https://www.galaxyapac.com.
Regaining Nasdaq compliance represents a significant milestone for the company, ensuring its continued presence on the prestigious stock exchange and demonstrating the effectiveness of management's strategic initiatives to maintain shareholder value and market confidence. The successful compliance restoration eliminates uncertainty surrounding the company's listing status and provides a stable platform for future growth initiatives and investor relations activities.
