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Stock impact report

Powell Max Limited Successfully Repositions for Its Next Phase of Growth [Yahoo! Finance]

Powell Max Limited - Class A Ordinary Shares (PMAX) 
Company Research Source: Yahoo! Finance
services provider, is pleased to provide the following corporate update regarding its successful repositioning. Key Highlights: Raised $17 million in capital from new investors Appointed new Chairman and Chief Executive Officer Geordan Pursglove Reconstituted the Board of Directors Regained 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 substantial capital from new investors, reconstituted the Board of Directors, and regained Nasdaq compliance, all by the end of February. I sincerely thank Spartan Capital Securities, LLC and our new investors for their trust and support in repositioning Powell Max for its next phase of growth. We look forward to collaborating with all our partners to build the company and drive long-term shareholder value.” On January 30, 202 Show less Read more
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