Powell Max Limited regains Nasdaq compliance after board appointments, ensuring continued trading under symbol "PMAX."
Quiver AI Summary
Powell Max Limited, a financial communications services provider based in Hong Kong, announced on February 13, 2026, that it has regained compliance with Nasdaq's audit committee requirements after previously being notified of non-compliance on February 5, 2026. The company appointed four new members to its Board of Directors and Audit Committee, satisfying Nasdaq's requirements. Nasdaq confirmed the resolution of the compliance issue in a letter dated February 12, 2026, allowing Powell Max to remain listed under the symbol “PMAX.” The company provides a range of financial communications services, supporting capital market compliance and advisors in Hong Kong.
Potential Positives
- The company has successfully regained compliance with Nasdaq’s audit committee requirements, which is crucial for maintaining its listing status.
- Nasdaq confirmed the closure of the compliance issue, indicating that Powell Max Limited is now fully aligned with corporate governance standards.
- The appointments of new board and audit committee members signal a proactive approach to enhancing governance and oversight within the company.
- Powell Max Limited continues to be listed on the Nasdaq Capital Market, maintaining investor confidence and market presence.
Potential Negatives
- The announcement indicates a prior non-compliance issue with Nasdaq's audit committee requirements, which may raise concerns about the company's governance practices.
- The need for new appointments to meet compliance suggests previous deficiencies in the Board of Directors or Audit Committee, potentially undermining investor confidence.
- Despite regaining compliance, the reference to potential risks associated with forward-looking statements underscores ongoing uncertainty regarding the company's future stability and performance.
FAQ
What recent compliance achievement has Powell Max Limited accomplished?
Powell Max Limited has successfully regained compliance with Nasdaq’s audit committee requirements as of February 12, 2026.
Who were appointed to the Board of Directors at Powell Max?
Mr. Andrew Hancox, Mr. Phillip Balatsos, Ms. Caroline Castleforte, and Ms. Lourdes Felix were appointed to the Board of Directors.
What is the importance of Nasdaq Listing Rule 5605(c)(2)?
This rule pertains to the audit committee requirements that companies must meet to maintain their Nasdaq listing.
What services does Powell Max Limited provide?
Powell Max Limited offers financial communications services, including printing, corporate reporting, and language support for clients in Hong Kong.
How can I contact Powell Max Limited for inquiries?
For inquiries, you can contact Powell Max Limited's Investor Relations at [email protected] or call (852) 2158 2888.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PMAX Hedge Fund Activity
We have seen 3 institutional investors add shares of $PMAX stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VIRTU FINANCIAL LLC removed 79,955 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $22,251
- HRT FINANCIAL LP added 12,370 shares (+inf%) to their portfolio in Q4 2025, for an estimated $22,389
- MORGAN STANLEY added 9,170 shares (+inf%) to their portfolio in Q3 2025, for an estimated $2,552
- XTX TOPCO LTD added 7,749 shares (+inf%) to their portfolio in Q3 2025, for an estimated $2,156
- TWO SIGMA SECURITIES, LLC removed 892 shares (-37.2%) from their portfolio in Q3 2025, for an estimated $248
- UBS GROUP AG removed 140 shares (-50.7%) from their portfolio in Q4 2025, for an estimated $253
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HONG KONG, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (Nasdaq: PMAX) (the “Company” or “Powell Max”), a financial communications services provider headquartered in Hong Kong, is pleased to announce that it has successfully regained compliance with Nasdaq’s audit committee requirements, as stated in Listing Rule 5605(c)(2) (the “Rule”).
On February 5, 2026, Nasdaq staff notified the Company that it was not in compliance with the Rule. As disclosed in the Company’s Form 6-K filed with the Securities and Exchange Commission on February 10, 2026, the Company appointed Mr. Andrew Hancox, Mr. Phillip Balatsos, Ms. Caroline Castleforte, and Ms. Lourdes Felix to its Board of Directors and Audit Committee.
Based on the information provided regarding these appointments, Nasdaq staff determined that the Company now complies with the Rule. In a letter dated February 12, 2026, Nasdaq confirmed that the matter was closed.
The Company remains listed on the Nasdaq Capital Market under the trading symbol “PMAX.”
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, including statements with regard to the Company’s plan to regain compliance with the Nasdaq corporate governance requirements. 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. Actual results could differ materially from those described in these forward-looking statements due to certain risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the “SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our most recent annual report on Form 20-F and other reports and documents that we file from time to time with the SEC. 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
[email protected]
(852) 2158 2888
