PMAX Powell Max Ltd

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2024

 

Commission File Number 333-279859

 

Powell Max Limited

(Registrant’s Name)

 

22/F., Euro Trade Centre
13-14 Connaught Road Central,

Hong Kong

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

On October 2, 2024, WallachBeth Capital LLC, as the representative of the underwriters of the initial public offering (“Offering”) of Powell Max Limited (the “Company”), partially exercised the over-allotment option to purchase an additional 99,765 Class A Ordinary Shares of the Company (the “Additional Shares”), par value $0.0001 per share, at the public offering price of $4.00 per share (the “Option”). As a result, the Company raised gross proceeds of $399,060, in addition to the previously announced gross proceeds of $5,707,000, before deducting underwriting discounts and offering expenses. The closing for the Additional Shares took place on October 2, 2024.

 

A copy of the press release announcing the underwriters’ exercise of the Option is attached as Exhibit 99.1 and incorporated herein by reference. For more information regarding the Offering, please refer to the Company’s Current Report on Form 6-K furnished on September 6, 2024.

 

This report does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

 

EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Press Release dated October 2, 2024, announcing the exercise of the over-allotment option.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	POWELL MAX LIMITED
	By:	/s/ Tsz Kin Wong
	Name:	Tsz Kin Wong
	Title:	Chairman of the Board, Executive Director and Chief Executive Officer

 

Date: October 2, 2024

 

 

Exhibit 99.1

 

Powell Max Limited Announces Partial Exercise of Over-allotment Option

 

HONG KONG, Oct. 02, 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 WallachBeth Capital LLC (the “Underwriter”), as the lead underwriter of the Company’s initial public offering (the “Offering”), has partially exercised the over-allotment option (the “Option”) to purchase an additional 99,765 Class A Ordinary Shares of the Company (the “Additional Shares”) at the public offering price of $4.00 per share. As a result, the Company has raised gross proceeds of $399,060, in addition to the previously gross proceeds of $5,707,000, before deducting underwriting discounts and offering expenses, already received in the Offering.

 

WallachBeth Capital LLC is acting as Lead Underwriter to the Offering and Revere Securities LLC is acting as the Co-Manager to the Offering. K&L Gates is acting as U.S. counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Underwriter.

 

A registration statement on form F-1 (333-279859) related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission on September 4, 2024. The final prospectus relating to the securities being offered in the Offering was filed with the SEC on September 6, 2024. A copy of the final prospectus related to the Offering may be obtained from the Underwriter by email at cap-mkts@wallachbeth.com. The final prospectus is available on the SEC’s website located at http://www.sec.gov.

 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

About Powell Max Limited

 

Powell Max Limited is a financial communications services provider headquartered in Hong Kong. The Company engages in the provision of financial communications services that support capital market compliance and transaction needs for corporate clients and their advisors in Hong Kong. Its financial communications services cover a full range of financial printing, corporate reporting, communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement and distribution. The Company’s clients consist of domestic and international companies listed in Hong Kong, together with companies who are seeking to list in Hong Kong, as well as their advisors.

 

Forward-Looking Statements

 

This press release contains certain forward-looking statements. Words such as “will,” future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

 

For investor and media inquiries, please contact:

 

Company Info:

 

Powell Max Limited

 

Investor Relations

 

ir@janfp.com (852) 2158 2888

 

 

 

---