Galaxy Payroll Group Limited has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Stock Market LLC. The company received notification 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 Nasdaq Listing Rules.
The company implemented active measures to address the compliance issue and successfully demonstrated sustained price recovery. From September 8 through September 19, 2025, the closing bid price of Galaxy's ordinary shares maintained at $1.00 per share or greater for 10 consecutive business days. This achievement prompted Nasdaq to formally notify the company that it had regained compliance with Listing Rule 5550(a)(2), effectively closing the matter.
Chief Executive Officer Wai Hong Lao expressed satisfaction with the company's ability to regain compliance well ahead of the stipulated deadline. The positive momentum reflects growing confidence in the company's business strategy and operational execution. Management emphasized their continued focus on driving long-term growth and creating sustainable value for shareholders through their payroll outsourcing services.
The compliance restoration carries significant implications for Galaxy Payroll Group's market standing and investor relations. Maintaining Nasdaq listing status ensures continued access to capital markets and enhances the company's credibility among international investors. The successful resolution of the compliance issue demonstrates the company's ability to navigate regulatory challenges while maintaining operational stability.
For additional information about the company's services and operations, visit https://www.galaxyapac.com. The company specializes in delivering HR and payroll solutions to multinational companies across various industries, operating primarily in Hong Kong, Taiwan, Macau, and mainland China.
