Nasdaq gives Galaxy Payroll (NASDAQ: GLXG) 180 days to fix bid

Rhea-AI Filing Summary

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.

Positive

• None.

Negative

• Ongoing Nasdaq bid-price noncompliance: The company has not yet met Nasdaq’s minimum $1.00 per share bid requirement and needed an additional 180 days to attempt to regain compliance.

Insights

Equity Markets & Listing Standards Analyst

Galaxy Payroll receives more time but remains out of Nasdaq bid-price compliance.

Galaxy Payroll Group Limited remains below Nasdaq’s minimum bid price threshold and has now been granted an additional 180 days, until March 16, 2026, to regain compliance. The trigger was a 30-day stretch ending March 14, 2025 when its ordinary shares closed below $1.00 per share, violating Nasdaq Listing Rule 5550(a)(2).

To satisfy Nasdaq, the closing bid must be at least $1.00 per share for ten consecutive business days. The company indicates it intends to cure the deficiency during this extra period and may use a reverse stock split if needed. Whether this approach restores the bid price will depend on market perception and trading once any corporate action is implemented.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-42269

Galaxy Payroll Group Limited

25th Floor, Ovest,

77 Wing Lok Street,

Sheung Wan, Hong Kong

+852 3105 2611

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒         Form 40-F ☐

Information Contained in This Form 6-K Report

On September 16, 2025, Galaxy Payroll Group Limited (the “Company”) received a notification from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) stating that the Company will be afforded an additional 180 calendar day period (or until March 16, 2026) to regain compliance with Nasdaq’s minimum bid price requirement.

As previously disclosed, on March 17, 2025, the Company received a notice from Nasdaq stating that, for the 30 consecutive business days ending March 14, 2025, the closing bid price for the Company’s ordinary shares had been below the minimum of $1.00 per share required for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification letter stated that the Company would be afforded an initial 180-day period to regain compliance with the minimum bid price requirement. The notification letter also stated that in the event the Company did not regain compliance within the initial 180-day period, the Company could be eligible for additional time.

The Company did not regain compliance with the minimum bid price requirement during the initial 180-day period. However, Nasdaq determined that the Company was eligible for the additional 180-day period within which to regain compliance. In order to regain compliance, the bid price for shares of the Company’s ordinary shares must close at $1.00 per share or more for a minimum of ten consecutive business days. The Company intends to cure the deficiency during the additional 180-day period by effecting a reverse stock split, if necessary. 

1

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GALAXY PAYROLL GROUP LIMITED
	By:	/s/ Wai Hong Lao
	Name:	Wai Hong Lao
	Title:	Chief Executive Officer

Date: September 18, 2025

2

EXHIBIT INDEX

Exhibit No.		Exhibit
99.1		Press release

3

FAQ

Why did Galaxy Payroll Group Limited (GLXG) receive a Nasdaq notice?

The company’s ordinary shares closed below $1.00 per share for 30 consecutive business days ending March 14, 2025, breaching Nasdaq’s minimum bid price requirement under Rule 5550(a)(2).

How much extra time did Nasdaq give Galaxy Payroll Group Limited (GLXG) to regain compliance?

Nasdaq granted an additional 180 calendar days, giving the company until March 16, 2026 to regain compliance with the minimum bid price rule.

What must GLXG do to regain compliance with Nasdaq’s minimum bid price rule?

The closing bid price of Galaxy Payroll’s ordinary shares must be at least $1.00 per share for a minimum of ten consecutive business days within the additional 180-day period.

How does Galaxy Payroll Group Limited (GLXG) plan to address the bid price deficiency?

The company states that it intends to cure the deficiency during the additional 180-day period and may effect a reverse stock split if necessary.

What Nasdaq rule is Galaxy Payroll Group Limited (GLXG) currently not meeting?

The company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum $1.00 per share bid price for continued inclusion on the Nasdaq Capital Market.