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HONG KONG - Galaxy Payroll Group Limited (NASDAQ:GLXG), a micro-cap company with market capitalization of $9.26 million, has regained compliance with Nasdaq’s minimum bid price requirement after its shares maintained a closing bid price of at least $1.00 for ten consecutive business days from September 8 through September 19, 2025.
The company had received a notification from Nasdaq on March 17, 2025, informing that its ordinary shares had failed to maintain the minimum $1.00 bid price over 30 consecutive business days as required by Nasdaq’s Listing Rules.
Following the company’s efforts to address the issue, Nasdaq has formally notified Galaxy that it has regained compliance with Listing Rule 5550(a)(2), closing the matter.
"We are pleased to have successfully regained compliance with Nasdaq’s minimum bid price requirement well ahead of the stipulated deadline," said Wai Hong Lao, Chief Executive Officer of Galaxy Payroll Group Limited.
Galaxy Payroll Group Limited is a payroll outsourcing service provider based in Hong Kong that offers HR and payroll solutions to multinational companies. The company operates in Hong Kong, Taiwan, Macau, and the PRC.
This announcement is based on a press release statement issued by the company on September 23, 2025. Investors can find additional insights and 8 more exclusive ProTips for GLXG on InvestingPro.
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