Research analysts covering Powell Max.
Recent press releases and 8-K filings for PMAX.
Powell Max Limited Completes $17 Million PIPE Financing
PMAX
Share Buyback
- Powell Max Limited (Nasdaq: PMAX) completed a $17,000,000 private investment in public equity (PIPE) financing on February 2, 2026.
- Spartan Capital Securities, LLC served as the sole placement agent for this financing.
- The financing involved the issuance of units comprising one Class C ordinary share and a warrant to purchase Class A ordinary shares, with the warrants having an exercise price of $0.001 per Class A ordinary share.
- $9,400,000 of the net proceeds will be used to repurchase 1,449,732 Class A ordinary shares from Bliss on Limited, with the remaining funds allocated for general corporate purposes.
5 days ago
Powell Max Limited Announces 1-for-8 Reverse Stock Split
PMAX
Delisting/Listing Issues
Accounting Changes
- Powell Max Limited (PMAX) expects to implement a 1-for-8 reverse stock split effective October 6, 2025, with trading to begin on a split-adjusted basis under the current symbol "PMAX".
- The Board of Directors approved the reverse stock split on September 15, 2025, and no stockholders' approval is required under BVI law.
- In connection with the reverse stock split, the authorized number of common stock shares will be reduced from 100,000,000 to a maximum of 12,500,000 ordinary shares.
Sep 25, 2025, 10:35 AM
Powell Max Announces First Half 2025 Unaudited Financial Results and Nasdaq Delisting Notice
PMAX
Earnings
Profit Warning
Delisting/Listing Issues
- Powell Max Limited reported a net loss of HK$20.4 million (US$2.6 million) for the six months ended June 30, 2025, a significant decline from a net profit of HK$0.8 million in the same period of 2024, despite a 5.3% increase in revenue to HK$23.9 million (US$3.1 million).
- The net loss was primarily driven by a 4.9-fold increase in general and administrative expenses to HK$29.4 million (US$3.8 million) and a 10.0% rise in selling and distribution expenses to HK$3.3 million (US$0.4 million) for the six months ended June 30, 2025.
- The company received a delisting determination letter from Nasdaq on September 2, 2025, for failing to meet the Minimum Bid Price Rule and the US$5,000,000 minimum stockholders' equity requirement, and has requested a hearing.
Sep 23, 2025, 11:42 AM
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