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Galaxy Payroll Group Limited ( (GLXG) ) has provided an announcement.
On January 21, 2026, Galaxy Payroll Group Limited terminated a previously announced 2025 private investment in public equity (PIPE) arrangement under which investors had agreed to subscribe for 1.5 million Class A ordinary shares at US$2.178 per share, effectively cancelling all related obligations and signaling a shift away from the earlier, higher-priced capital raise structure. Instead, on January 15, 2026, the company entered into a new PIPE transaction with non-U.S. investors to sell 3.8 million Class A ordinary shares at US$0.66 per share—40% of the stock’s January 14 closing price—for expected gross proceeds of about US$2.5 million, subject to customary closing conditions, and granted the new investors resale registration rights, a move that boosts near-term funding but implies significant equity dilution and reflects a materially lower valuation environment for the company’s shares.
More about Galaxy Payroll Group Limited
Galaxy Payroll Group Limited is a British Virgin Islands-incorporated company listed on the Nasdaq Capital Market, with principal executive offices in Hong Kong. The company issues Class A ordinary shares and accesses international capital markets, including non-U.S. investors, through private investment in public equity (PIPE) transactions to fund its operations and growth strategy.
Average Trading Volume: 154,727
Technical Sentiment Signal: Sell
Current Market Cap: $16.13M
For a thorough assessment of GLXG stock, go to TipRanks’ Stock Analysis page.