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WallachBeth Capital announced the closing of Powell Max 's (Nasdaq: PMAX) initial public offering. The Hong Kong-based financial communications services provider raised $5,707,000 in gross proceeds by offering 1,426,750 Class A Ordinary Shares at $4 per share. The shares are now listed on the Nasdaq Capital Market under the symbol PMAX.
The underwriter, WallachBeth Capital , has a 45-day option to purchase up to an additional 214,012 shares at the offering price, less underwriting discounts. Revere Securities acted as co-manager for the offering. The IPO was conducted through a registration statement declared effective by the SEC on September 4, 2024.
Powell Max (Nasdaq: PMAX), a Hong Kong-based financial communications services provider, has successfully closed its initial public offering (IPO). The company sold 1,426,750 Class A Ordinary Shares at $4 per share, raising $5,707,000 in gross proceeds before deducting underwriting discounts and other expenses. The shares are now listed on the Nasdaq Capital Market under the symbol 'PMAX'.
WallachBeth Capital acted as Lead Underwriter, with Revere Securities as Co-Manager. Powell Max has granted the Underwriter a 45-day option to purchase up to an additional 214,012 shares at the offering price, less underwriting discounts.
Powell Max (Nasdaq: PMAX) has announced the pricing of its initial public offering (IPO) of 1,426,750 Class A Ordinary Shares at $4 per share. The Hong Kong-based financial communications services provider expects to raise $5,707,000 in gross proceeds. Trading on the Nasdaq Capital Market is set to begin on September 5, 2024, under the symbol 'PMAX'. The offering is expected to close on September 6, 2024.
WallachBeth Capital is acting as Lead Underwriter, with Revere Securities as Co-Manager. The company plans to use the net proceeds for setting up overseas business entities, potential mergers and acquisitions, repayment of bank loans, and working capital. An additional 45-day option to purchase up to 214,012 shares has been granted to the Underwriter.
Powell Max (Nasdaq: PMAX), a Hong Kong-based financial communications services provider, has announced the pricing of its initial public offering. The company is offering 1,426,750 Class A Ordinary Shares at $4 per share, expecting to raise $5,707,000 in gross proceeds. Trading on the Nasdaq Capital Market is set to begin on September 5, 2024, under the symbol 'PMAX'. The offering is expected to close on September 6, 2024.
The company has granted the underwriter a 45-day option to purchase up to an additional 214,012 shares. Proceeds will be used for expanding overseas operations, potential M&A activities, loan repayment, and working capital. WallachBeth Capital is acting as Lead Underwriter, with Revere Securities as Co-Manager.
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