Galaxy Payroll Group Regains Compliance With Nasdaq Listing Requirements

Galaxy Payroll Group Limited has announced the successful resolution of its compliance issue with The Nasdaq Stock Market LLC. The company confirmed that it has regained compliance with the minimum bid price requirement for continued listing on the exchange, marking a significant milestone in its financial stability.

The compliance issue originated on March 17, 2025, when Nasdaq's Listing Qualifications staff notified the company that its ordinary shares had failed to maintain the required minimum bid price of $1.00 over the previous 30 consecutive business days. This notification triggered a period of regulatory scrutiny that required immediate corporate action to address the listing deficiency.

Through strategic measures implemented over the subsequent months, Galaxy Payroll Group demonstrated consistent improvement in its stock performance. The company achieved compliance by maintaining a closing bid price of $1.00 per share or higher for 10 consecutive business days from September 8 through September 19, 2025. This sustained performance met the requirements of Nasdaq Listing Rule 5550(a)(2), leading to formal notification from Nasdaq that the compliance matter has been resolved.

Chief Executive Officer Mr. Wai Hong Lao expressed satisfaction with the outcome, noting that the company regained compliance well ahead of the stipulated deadline. He attributed this achievement to growing confidence in the company's business strategy and operational execution. The successful compliance restoration reflects positively on the company's management and its ability to navigate regulatory challenges effectively.

The implications of this development extend beyond mere regulatory compliance. For investors, the regained compliance status provides assurance about the company's financial health and market stability. It eliminates the immediate risk of delisting, which could have significantly impacted shareholder value and market perception. The achievement also demonstrates the company's resilience and ability to execute corrective measures when facing market challenges.

For the payroll and human resources industry, Galaxy's successful compliance restoration reinforces the importance of maintaining strong corporate governance and transparent financial reporting. As a leading global payroll provider operating in Hong Kong, Taiwan, Macau, and mainland China, the company's stability is crucial for the multinational clients that rely on its payroll outsourcing, employment services, and consultancy offerings. More information about the company's services can be found at https://www.galaxyapac.com.

The resolution of this compliance issue positions Galaxy Payroll Group to focus more effectively on its core business objectives without the distraction of regulatory concerns. This development may also influence how other publicly traded companies in the professional services sector approach similar compliance challenges, potentially setting a benchmark for effective corporate response strategies.