Hong Kong, TX, March 09, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) ("Powell Max" or the "Company"), a financial communications services provider, is pleased to provide the following corporate update regarding its successful repositioning. Key Highlights: Raised $17 million in capital from new investorsAppointed new Chairman and Chief Executive Officer Geordan PursgloveReconstituted the Board of DirectorsRegained compliance with Nasdaq listing requirements Powell Max Chairman and Chief Executive Officer Geordan Pursglove commented, "My first month at Powell Max has been extremely productive. We successfully completed a corporate restructuring in a short timeframe, raised

HONG KONG, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, is pleased to announce that it has successfully regained compliance with Nasdaq's audit committee requirements, as stated in Listing Rule 5605(c)(2)  (the "Rule"). On February 5, 2026, Nasdaq staff notified the Company that it was not in compliance with the Rule. As disclosed in the Company's Form 6-K filed with the Securities and Exchange Commission on February 10, 2026, the Company appointed Mr. Andrew Hancox, Mr. Phillip Balatsos, Ms. Caroline Castleforte, and Ms. Lourdes Felix to its Board of Directors

HONG KONG, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, announced that on February 5, 2026 it received a notification from The Nasdaq Stock Market LLC ("Nasdaq") stating that, due to the resignation of Ms. Lee Chern Koay from the Company's board of directors and audit committee effective December 31, 2025, the Company no longer meets certain Nasdaq corporate governance requirements, specifically the independent director and audit committee composition rules under Nasdaq Listing Rule 5605(c)(2) and related provisions, which require an audit committee composed of at

New York, NY, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC announced today that it served as sole placement agent in a 17,000,000 dollar private investment in public equity (PIPE) financing for Powell Max Limited (NASDAQ:PMAX). In connection with the financing, Powell Max Limited entered into a securities purchase agreement with certain accredited investors. Pursuant to the agreement, the investors agreed to subscribe for and purchase, and the Company agreed to issue and sell, units comprised of one Class C ordinary share, $0.0008 par value per share, and a warrant to purchase Class A ordinary shares, $0.0008 par value per share. Aggregate gross proceeds were 17,000,

HONG KONG, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, today announced its unaudited interim condensed financial results for the six months ended June 30, 2025. Overview: Revenue was HK$23.9 million (US$3.1 million) for the six months ended June 30, 2025, representing an increase of 5.3% for the same period in 2024.Net loss was HK$20.4 million (US$2.6) for the six months ended June 30, 2025, as compared with the profit of HK$0.8 million for the same period in 2024. Six Month Financial Results Ended June 30, 2025 Revenue. Revenue increased by 5.3% from HK$22.

HONG KONG, April 28, 2025 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, today announced the audited financial results of the Company and its subsidiary for the financial year ended December 31, 2024. Overview: Revenue was HK$36.5 million (US$4.7 million) for the year ended December 31, 2024, representing a decrease of 25.7% for the year ended December 31, 2023.Net loss was HK$18.1 million (US$2.3 million) for the year ended December 31, 2024, as compared with the profit for the year of HK$7.1 million for the year ended December 31, 2023. Financial Results for the year ended D

HONG KONG, March 11, 2025 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, announced that it has received a notification letter (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") that the Company is not in compliance with the $1.00 minimum bid price requirement for continued listing of the Company's Class A Ordinary Shares (the "Ordinary Shares") on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rules (the "Minimum Bid Price Requirement") because the closing bid price for the Ordinary Shares had been below $1.00 for 30 consecutive business days. The Notice ind

HONG KONG, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, today announced that it has commenced activities to pursue acquisitions as part of its strategy to build and grow its business operations. The Company is currently evaluating several other financial communications service companies to continue its growth and enhance its market share in the financial communications industry in Hong Kong and Asia. Powell Max intends to acquire companies that are generating between $1.5 million and $5 million in gross annual revenue.  The Company intends to retain most of the

HONG KONG, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, today announced that it has secured a significant new financing option through a standby equity line of credit ("Equity Line") with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP ("Yorkville"). This Equity Line allows Powell Max to issue and sell up to $40 million of its Class A ordinary shares to Yorkville. In connection with the Equity Line, Powell Max has issued a $1 million convertible promissory note to Yorkville due November 2025. Powell Max will file a Current Report on Form 6-K with th

HONG KONG, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, today announced the resignation of Mr. Chun Ho Lam   ("Mr. Lam") as the Chief Financial Officer of the Company due to personal reasons.  The Company thanks Mr. Lam for his contributions during his tenure of office. The Company has appointed Ms. Kam Lai Kwok ("Ms. Kwok") as the new Chief Financial Officer.  Ms. Kwok is an associate of the Hong Kong Institute of Certified Public Accountants (formerly known as the Hong Kong Society of Accountants) since January 1997 and has over 30 years of

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HONG KONG, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (NASDAQ:PMAX) (the "Company" or "Powell Max"), a financial communications services provider headquartered in Hong Kong, announced that on February 5, 2026 it received a notification from The Nasdaq Stock Market LLC ("Nasdaq") stating that, due to the resignation of Ms. Lee Chern Koay from the Company's board of directors and audit committee effective December 31, 2025, the Company no longer meets certain Nasdaq corporate governance requirements, specifically the independent director and audit committee composition rules under Nasdaq Listing Rule 5605(c)(2) and related provisions, which require an audit committee composed of at