Galaxy Payroll Group Regains Nasdaq Compliance After Meeting Minimum Bid Price Requirement

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.

The company implemented active measures to address the compliance issue and successfully demonstrated sustained improvement in its stock performance. For the last 10 consecutive business days, from September 8 through September 19, 2025, the closing bid price of the company's ordinary shares has been at $1.00 per share or greater. This achievement prompted Nasdaq to formally notify the company that it has regained compliance with Listing Rule 5550(a)(2), effectively closing the matter.

Chief Executive Officer Mr. Wai Hong Lao expressed satisfaction with the company's rapid compliance restoration, noting that it was accomplished well ahead of the stipulated deadline. He stated that this positive momentum reflects growing confidence in the company's business strategy and operational execution. The company maintains its focus on driving long-term growth and creating sustainable value for shareholders through its 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 institutional investors. The successful resolution of the compliance issue demonstrates the company's ability to navigate regulatory challenges and implement effective corrective measures when necessary.

Galaxy Payroll Group Limited operates as a leading payroll outsourcing service provider with operations across multiple Asian markets. The company's website at https://www.galaxyapac.com provides additional information about its services and business operations. The regained compliance status eliminates the risk of potential delisting proceedings that could have negatively impacted shareholder value and the company's ability to raise capital through public markets.

The resolution of this compliance matter allows Galaxy Payroll Group to redirect full attention toward business growth initiatives without the distraction of listing requirement concerns. The company's ability to address the minimum bid price requirement efficiently suggests strengthened internal controls and responsive management practices that could positively influence future investor confidence and stock performance.