Powell Max Limited Class A Ordinary Shares (PMAX)
Powell Max Limited Class A Ordinary Shares (PMAX) represents ownership in Powell Max Limited, a company involved in specialized industries. The Class A Ordinary Shares typically grant voting rights and a stake in the company's future profits, reflecting investor confidence and participation in the company's governance.
Company News
Powell Max Limited, a Hong Kong-based financial communications services provider, has received a notification from Nasdaq that it is not in compliance with the $1.00 minimum bid price requirement for continued listing. The company has 180 days to regain compliance, which it plans to do by potentially implementing a reverse stock split.
Powell Max Limited, a financial communications services provider headquartered in Hong Kong, announced the closing of its initial public offering of 1,426,750 Class A Ordinary Shares at a public offering price of $4 per Share. The aggregate gross proceeds from the Offering were $5,707,000.