HONG KONG, Mar 24, 2025 – (ACN Newswire) – Galaxy Payroll Personnel Runt (NASDAQ: GLXG) (the “Firm”) introduced that, on March 17, 2025, the Firm got a letter from the Itemizing Qualifications workers of The Nasdaq Stock Market (“Nasdaq”) notifying the Firm that in step with the closing make clear designate of the Firm for the duration from January 31, 2025 to March 14, 2025, the Firm no longer meets the persisted list requirement of Nasdaq below Nasdaq Itemizing Tips 5550(a)(2), to protect a minimal make clear designate of $1 per portion.
The notification has no immediate discontinue on the list of the Firm’s peculiar shares. Nasdaq has offered the Firm with a 180 calendar days compliance duration, or till September 15, 2025, in which to earn compliance with Nasdaq persisted list requirement. In the occasion that the Firm does no longer earn compliance in the compliance duration, the Firm will seemingly be eligible for an further 180 calendar days, must serene the Firm meet the persisted list requirement for market payment of publicly held shares and all other preliminary list requirements for The Nasdaq Capital Market, with the exception of the make clear designate requirement, and is ready to produce written look of its blueprint to cure the deficiency all thru the 2nd compliance duration, by effecting a reverse stock spoil up, if critical. On the replacement hand, if evidently the Firm would possibly no longer be ready to cure the deficiency, or if the Firm is otherwise no longer eligible, Nasdaq will present look that the Firm’s securities will seemingly be topic to delisting.
The Firm is presently evaluating alternatives to earn compliance and intends to timely earn compliance with Nasdaq’s persisted list requirement. Even though the Firm will employ all cheap efforts to fabricate compliance with Rule 5550(a)(2), there would possibly honest additionally be no assurance that the Firm will seemingly be ready to earn compliance with that rule or will otherwise be in compliance with other Nasdaq persisted list requirement.
Forward-Taking a look Statements
Sure statements on this press liberate are forward-taking a look statements. These forward-taking a look statements involve known and unknown risks and uncertainties and are in step with the Firm’s present expectations and projections about future events that the Firm believes would possibly honest affect its financial condition, results of operations, industry approach and financial wants. Consumers can salvage many (but no longer all) of these statements by formulation of words akin to “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “initiatives,” “intends,” “plans,” “will,” “would,” “must serene,” “would possibly perchance,” “would possibly honest” or other identical expressions on this press liberate. The Firm undertakes no obligation to interchange or revise publicly any forward-taking a look statements to repeat subsequent taking place events or cases, or changes in its expectations, with the exception of as will seemingly be required by law. Even though the Firm believes that the expectations expressed in these forward-taking a look statements are cheap, it would no longer mutter you that such expectations will flip out to be upright, and the Firm cautions traders that true results would possibly honest vary materially from the anticipated results and encourages traders to take a look at other factors that will affect its future results in the Firm’s filings with the SEC.
About Galaxy Payroll Personnel Runt
Galaxy Payroll Personnel Runt is a number one payroll outsourcing carrier provider based fully mostly in Hong Kong. The corporate specializes in turning in HR and payroll alternatives to multinational companies across diverse industries. With a degree of interest on innovation and client pleasure, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment companies, and consultancy to companies of all sizes.
For enquiry, please contact Clever Joy Runt:
Rosanne Ren
Phone: (852) 3594 6407
E-mail: pr-team@intelligentjoy.com
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