Powell Max Limited Announces Closing of Its Initial Public Offering

HONG KONG, Sept. 6, 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 closing of its initial public offering (the “To offer”) of 1,426,750 ordinary shares class A (the “Shares”) at a public offering price of $4 per share. The aggregate gross proceeds from the offering, before deducting offering discounts and other offering expenses, were $5,707,000. The shares are listed on The Nasdaq Capital Market under the symbol “PMAX.”

The Company has granted the Underwriter a 45-day option to purchase up to an additional 214,012 Shares at the Offer Price, less Underwriter discounts.