Powell Max Limited Faces Nasdaq Minimum Bid Price Compliance Challenge

Powell Max Limited Class A ( (PMAX) ) just unveiled an update.

On March 5, 2025, Powell Max Limited received a deficiency notice from Nasdaq for not meeting the $1.00 minimum bid price requirement for its Class A Ordinary Shares. The company has until September 1, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. Although the notice does not immediately affect the listing of its shares, failure to comply could lead to delisting. Powell Max plans to monitor the situation and consider options like a reverse stock split to address the issue.

More about Powell Max Limited Class A

Powell Max Limited is a financial communications services provider based in Hong Kong. The company offers a comprehensive range of services including financial printing, corporate reporting, communications, and language support services. Their clientele includes both domestic and international companies listed in Hong Kong, as well as those seeking to list, along with their advisors.

YTD Price Performance: -84.14%

Average Trading Volume: 4,161,549

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $5.1M

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