S-1 · primary offering
Issued 2022
Proposed maximum
Shares registered
- Filed
- Effective
GLXG$0.65+6.56%
Galaxy Payroll Group Ltd
Sector: Services-Engineering, Accounting, Research, ManagementIndustry: Staffing & Employment ServicesCountry: HKExchange: Nasdaq
Mkt Cap:$4.37M
Float & O/S:
Inst Own:
DilutionScan read 14 of Galaxy Payroll Group Ltd's SEC filings and found 2 shelf registrations, 1 S-1 registration and 1 completed offering on file for GLXG. The latest dilution event on file is a registration statement on Jun 2, 2026. Analysis updated Oct 28, 2026.
Signal8 Summary
GLXG
Revenue collapsed, cash runway tight
Snapshot
Galaxy Payroll Group is a tiny staffing firm in severe distress. Revenue collapsed 88% to just $449K in FY 2025, down from $3.8M the year before. The company lost $452K on that tiny revenue base, burning through its cash reserves. It holds only $523K in cash against negligible debt, leaving a runway of roughly one year at current burn rates.
What's Happening Right Now
- : The company filed to register 760,000 shares for employee compensation, increasing the total pool available for issuance to 1.12 million shares.
- : Rosen Law Firm opened an investigation into potential securities claims, alleging the company issued misleading information to the public.
Raise routes on file: effective shelf · latest dilution event 154 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Jun 2, 2026 · Registration
Every warrant, convertible, ATM and shelf, cited to the filing
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Share count and cash history
Shares outstanding, potential dilution and cash over time
Completed
F-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
F-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
PIPE
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
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