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Galaxy Payroll Group Limited ( (GLXG) ) has provided an announcement.
Galaxy Payroll Group Limited announced that it received a notification from Nasdaq on March 17, 2025, indicating that the company no longer meets the minimum bid price requirement of $1 per share as per Nasdaq Listing Rules. This notification does not immediately affect the listing of the company’s shares, and Galaxy Payroll has been given a 180-day period until September 15, 2025, to regain compliance. The company is exploring options to address this issue, including a potential reverse stock split, and aims to meet the Nasdaq requirements within the given timeframe. Failure to comply could result in delisting, impacting the company’s market presence and investor confidence.
More about Galaxy Payroll Group Limited
Galaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes.
YTD Price Performance: -16.67%
Average Trading Volume: 1,185,455
Technical Sentiment Consensus Rating: Strong Buy
See more insights into GLXG stock on TipRanks’ Stock Analysis page.