Powell Max Limited Announces Significant New Financing – Committed Equity Line of Credit up to $40 Million
Powell Max (Nasdaq: PMAX) has secured a new financing option through a standby equity line of credit of up to $40 million with YA II PN, , an affiliate of Yorkville Advisors Global, LP. The company has issued a $1 million convertible promissory note to Yorkville due November 2025. The equity line aims to expand Powell Max's portfolio of liquidity solutions and support strategic partnerships in the financial communications sector. The company will file both a Form 6-K and a Registration Statement on Form F-1 with the SEC regarding these transactions.
Powell Max (Nasdaq: PMAX) ha ottenuto una nuova opzione di finanziamento attraverso una linea di credito azionaria standby fino a 40 milioni di dollari con YA II PN, un'affiliata di Yorkville Advisors Global, LP. L'azienda ha emesso un obbligazione convertibile di 1 milione di dollari a favore di Yorkville, con scadenza a novembre 2025. La linea di credito mira ad espandere il portafoglio di soluzioni di liquidità di Powell Max e a sostenere partenariati strategici nel settore delle comunicazioni finanziarie. L'azienda presenterà sia un Modulo 6-K che una Dichiarazione di Registrazione sul Modulo F-1 alla SEC riguardo a queste transazioni.
Powell Max (Nasdaq: PMAX) ha conseguido una nueva opción de financiamiento a través de una línea de crédito de capital standby de hasta 40 millones de dólares con YA II PN, una afiliada de Yorkville Advisors Global, LP. La compañía ha emitido un vale promesa convertible de 1 millón de dólares a Yorkville que vence en noviembre de 2025. La línea de capital tiene como objetivo expandir el portafolio de soluciones de liquidez de Powell Max y respaldar asociaciones estratégicas en el sector de las comunicaciones financieras. La compañía presentará tanto un Formulario 6-K como una Declaración de Registro en el Formulario F-1 a la SEC con respecto a estas transacciones.
파웰 맥스 (나스닥: PMAX)는 YA II PN와 함께 최대 4천만 달러의 대기 주식 신용 라인을 통해 새로운 자금 조달 옵션을 확보했습니다. 이 회사는 2025년 11월 만기가 도래하는 100만 달러의 전환성 약속어음을 요크빌에 발행했습니다. 이 자본 라인은 파웰 맥스의 유동성 솔루션 포트폴리오를 확장하고 금융 커뮤니케이션 분야의 전략적 파트너십을 지원하는 것을 목표로 합니다. 이 회사는 이러한 거래에 대한 Form 6-K와 Form F-1에 대한 등록 신고서를 SEC에 제출할 것입니다.
Powell Max (Nasdaq: PMAX) a sécurisé une nouvelle option de financement via une ligne de crédit d'équité standby d'un montant allant jusqu'à 40 millions de dollars avec YA II PN, une affiliée de Yorkville Advisors Global, LP. La société a émis une promesse de conversion de 1 million de dollars à Yorkville, arrivant à échéance en novembre 2025. La ligne de crédit vise à élargir le portefeuille de solutions de liquidité de Powell Max et à soutenir des partenariats stratégiques dans le secteur des communications financières. La société déposera à la SEC à la fois un formulaire 6-K et un formulaire d'enregistrement sur le formulaire F-1 concernant ces transactions.
Powell Max (Nasdaq: PMAX) hat sich eine neue Finanzierungsoption durch eine standby Eigenkapitallinie von bis zu 40 Millionen Dollar mit YA II PN, einer Tochtergesellschaft von Yorkville Advisors Global, LP, gesichert. Das Unternehmen hat eine 1 Million Dollar umwandelbare Schuldverschreibung an Yorkville ausgegeben, die im November 2025 fällig ist. Die Eigenkapitallinie zielt darauf ab, das Portfolio an Liquiditätslösungen von Powell Max auszubauen und strategische Partnerschaften im Bereich der Finanzkommunikation zu unterstützen. Das Unternehmen wird sowohl ein Formular 6-K als auch eine Registrierungsanmeldung auf Formular F-1 bei der SEC hinsichtlich dieser Transaktionen einreichen.
- Secured access to up to $40 million in potential funding through equity line of credit
- Enhanced financial flexibility for strategic development and partnerships
- Potential shareholder dilution from equity line of credit
- $1 million convertible note issuance adds debt to balance sheet
Insights
This
The deal with Yorkville, a known institutional investor in small-cap companies, provides important working capital but at the cost of potential share price pressure. The equity line's size nearly matches the company's entire market cap, indicating substantial future dilution potential. While this improves liquidity and operational flexibility, investors should monitor the timing and pricing of any share issuances under this facility.
HONG KONG, Nov. 22, 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 it has secured a significant new financing option through a standby equity line of credit (“Equity Line”) with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP (“Yorkville”). This Equity Line allows Powell Max to issue and sell up to
The
Powell Max will file a Registration Statement on Form F-1 with the Securities and Exchange Commission in relation to the Equity Line. Tsz Kin Wong, CEO of Powell Max stated “we are thrilled to partner with Yorkville in providing us with an important source of potential funding. The facility would enhance Powell Max’s financial flexibility and strategic development. We are grateful that Yorkville shares our visions and missions, and we look forward to a long and mutually successful partnership.”
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to the Company’s proposed transactions. 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 and no assurance can be given that the proposed transaction discussed above will be completed on the terms described or achieve the objectives contemplated. The Company’s ability to utilize the new financing platform effectively and successfully are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, the failure of customary conditions precedent and the risk factors and other matters set forth in the Company’s SEC filings. 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
FAQ
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