Welcome to our dedicated page for Galaxy Payroll Group SEC filings (Ticker: GLXG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Galaxy Payroll Group Limited (GLXG) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a foreign private issuer listed on the Nasdaq Capital Market. Galaxy Payroll Group Limited files reports under the Securities Exchange Act of 1934, including an annual report on Form 20-F and current reports on Form 6-K.
Through these filings, investors can review information on capital markets transactions and corporate developments. For example, Form 6-K reports describe the company’s initial public offering of ordinary shares and the exercise of the underwriter’s over-allotment option, as well as a Securities Purchase Agreement and a Registration Rights Agreement related to a private investment in public equity. The filings also reference a memorandum of understanding for the joint development and promotion of AI-powered HR and payroll solutions, including an “AI HR & Payroll Manager” and an “AI Recruitment Manager.”
Several Form 6-K filings focus on the company’s interaction with Nasdaq listing requirements. These include notices of non-compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), the granting of an additional 180-day compliance period, and a later notification that Galaxy Payroll Group Limited had regained compliance after its ordinary shares met the minimum bid price requirement for the required number of consecutive business days.
On Stock Titan, users can access these filings as they are made available through the SEC’s EDGAR system. AI-powered summaries help explain the key points in lengthy documents such as Form 6-K and Form 20-F, highlighting items like financing arrangements, listing status updates and agreements related to new initiatives. Users can quickly see which filings relate to capital raising, Nasdaq compliance, or product collaborations, and use the platform’s tools to navigate the company’s regulatory history more efficiently.
Galaxy Payroll Group Limited (GLXG) filed its annual report for FY2025, showing a sharp swing to loss as it invested heavily in growth. For the year ended June 30, 2025, revenue was HKD 27,429,319, down from HKD 30,124,952. Net result moved from profit to a net loss of HKD 27,568,713, driven by higher costs: research and development expenses reached HKD 18,686,290 and selling, general and administrative expenses rose to HKD 20,830,556.
Operating cash flow was HKD (27,707,982)HKD 49,269,420, lifting cash and equivalents to HKD 32,188,711 at year end. Shareholders’ equity stood at HKD 27,099,242. The business remains concentrated: in FY2025, three customers contributed 23.6%, 18.7% and 13.2% of revenue, and a single in-country partner accounted for over 30% of in-country costs.
The company outlines extensive risks tied to PRC, Hong Kong, Taiwan and Macau regulatory environments, data and cybersecurity compliance, PCAOB/HFCAA oversight, currency exposure, and reliance on key partners and personnel.
Galaxy Payroll Group Limited reported that Nasdaq has granted an additional 180-day period, until March 16, 2026, to regain compliance with Nasdaq’s minimum bid price requirement. The company previously fell out of compliance after its ordinary shares closed below $1.00 per share for 30 consecutive business days ending March 14, 2025.
To regain compliance, the closing bid price of the company’s ordinary shares must be at least $1.00 per share for a minimum of ten consecutive business days. The company states that it intends to cure the deficiency during this extended period and may effect a reverse stock split if necessary.
Galaxy Payroll Group Limited (GLXG) has announced a significant strategic move in the HR technology sector through a memorandum of understanding (MOU) signed on June 22, 2025. The agreement focuses on the joint development and promotion of AI-powered HR and payroll solutions, specifically including the "AI HR & Payroll Manager" and "AI Recruitment Manager" platforms.
The Form 6-K filing indicates that while the MOU establishes preliminary terms and conditions for the collaboration, these terms are non-binding pending a definitive agreement. The company issued a press release on June 25, 2025, detailing the proposed terms of the collaboration.
Key points to note:
- The company files annual reports under Form 20-F
- Principal executive office is located in Hong Kong
- CEO Wai Hong Lao signed the filing
- The filing includes forward-looking statements disclaimer regarding the achievement of stated objectives and expectations
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