Boca Raton, FL, March 23, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (Nasdaq: PMAX) (“Powell Max” or the “Company”), a financial communications services provider, has signed a non-binding Letter of Intent, subject to certain customary provisions (the “LOI”) to acquire The Boston Solar Company (“Boston Solar”), a vertically-integrated regional EPC solar installer, focused in Massachusetts and the broader New England area. Pursuant to the LOI, the transaction is valued at $9.0 million, including the assumpti ...

Sets Stage for Next Phase of Growth Boca Raton, Fla. , March 19, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (Nasdaq: PMAX) (“Powell Max” or the “Company”), a financial communications services provider, today announced it has engaged RBW Capital Partners LLC (“RBW”) and Spartan Capital Securities, LLC (“Spartan”) to provide certain financial advisory and financial placement agency and investment banking services to Powell Max Ltd. The Securities and Brokerage Services are offered through Spartan and Dawson ...

Core Insights - Powell Max Limited has successfully repositioned itself through corporate restructuring, capital raising, board reconstitution, and regaining Nasdaq compliance [2][3][7] Corporate Restructuring - The company completed a corporate restructuring within a short timeframe, which included appointing a new Chairman and CEO, Geordan Pursglove [2][3] - The Board of Directors was reconstituted with new members, including Andrew Hancox, Phillip Balatsos, Caroline Castleforte, and Lourdes Felix [3][7] Capital Raising - On January 30, 2026, Powell Max completed a private placement financing, raising $17 million from Spartan Capital Securities, LLC [2][7] Nasdaq Compliance - The company regained compliance with Nasdaq's audit committee requirements by February 12, 2026, as confirmed by Nasdaq [3][7] Board of Directors - Geordan Pursglove brings extensive experience in capital markets and corporate governance, having previously led Lixte Biotechnology Holdings [4] - Andrew Hancox has a background in fintech and has raised over $250 million in capital [5] - Caroline Castleforte has experience in organizational leadership and strategic planning within healthcare [6][8] - Lourdes Felix has over 15 years of experience in corporate finance and governance, serving as an audit committee financial expert [9] - Phillip Balatsos has over 25 years of experience in financial markets and public company governance [10] Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering a range of services including financial printing, corporate reporting, and compliance support for corporate clients [11]

Core Viewpoint - Powell Max Limited has successfully regained compliance with Nasdaq's audit committee requirements, ensuring its continued listing on the Nasdaq Capital Market under the trading symbol "PMAX" [1][3]. Group 1: Compliance and Governance - On February 5, 2026, Nasdaq notified Powell Max that it was not in compliance with the audit committee requirements as per Listing Rule 5605(c)(2) [2]. - The Company appointed four new members to its Board of Directors and Audit Committee, which led to Nasdaq's determination that Powell Max now complies with the Rule [2][3]. - Nasdaq confirmed the closure of the compliance matter in a letter dated February 12, 2026 [3]. Group 2: Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering a range of services that support capital market compliance and transaction needs for corporate clients [3]. - The Company's services include financial printing, corporate reporting, communications, and language support, covering all stages from inception to completion [3]. - Powell Max serves both domestic and international companies listed in Hong Kong, as well as those seeking to list, along with their advisors [3].

Core Viewpoint - Powell Max Limited has received a notification from Nasdaq regarding non-compliance with corporate governance requirements due to the resignation of a board member, but the company has since taken steps to regain compliance [1][2][3]. Group 1: Compliance Issues - On February 5, 2026, Nasdaq notified Powell Max that it no longer meets certain corporate governance requirements following the resignation of Ms. Lee Chern Koay from the board and audit committee [1]. - The specific non-compliance relates to the independent director and audit committee composition rules under Nasdaq Listing Rule 5605(c)(2), which mandates an audit committee of at least three independent directors [1]. Group 2: Remedial Actions - The company appointed four new independent directors on January 30, 2026, and reconstituted the audit committee on February 6, 2026, to consist of three independent directors who meet Nasdaq's independence and financial literacy requirements [3]. - Powell Max believes it has regained compliance with Nasdaq corporate governance requirements and has notified Nasdaq accordingly [3]. Group 3: Current Status - The notice from Nasdaq does not have an immediate effect on the listing of the company's Class A ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol "PMAX" [4]. Group 4: Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering a range of services including financial printing, corporate reporting, and language support for corporate clients [4]. - The company's clientele includes both domestic and international companies listed in Hong Kong, as well as those seeking to list in Hong Kong [4].

Core Viewpoint - Powermax Minerals Inc. has acquired a 100% interest in two additional mining claims adjacent to its Atikokan rare earth element project, enhancing its exploration potential in the region [1][3]. Acquisition Details - The acquisition includes thirty-seven contiguous mining claim cells located in the Ignace–Atikokan area of northwestern Ontario, which are considered prospective for rare earth element mineralization [3]. - The transaction was executed through a property purchase agreement with arm's-length vendors for a total payment of $3,000, subject to a back-in right that allows the vendors to reclaim the claims if Powermax fails to meet certain conditions by August 31, 2028 [4]. Management Insights - CEO Paul Gorman highlighted that the acquisition was driven by positive results from a recent airborne geophysical survey, which identified high-priority exploration targets in the newly acquired area [5]. Geological Context - The Atikokan Project is situated within the Wabigoon Subprovince and is underlain by Archean metavolcanic and metasedimentary rocks, with significant geological features that are favorable for rare earth element mineralization [3][11]. - The integrated geophysical and geochemical data suggest the presence of a phosphate-rich NYF-type REE mineral system, indicating potential for significant rare earth element deposits [11]. Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options on multiple properties, including the Cameron REE Property and the Pinard REE Property, in addition to the Atikokan REE Property [7].

Core Insights - Spartan Capital Securities, LLC acted as the sole placement agent for a $17 million private investment in public equity (PIPE) financing for Powell Max Limited [1][2] Financing Details - Powell Max Limited entered into a securities purchase agreement with accredited investors, agreeing to issue units consisting of one Class C ordinary share and a warrant to purchase Class A ordinary shares, with total gross proceeds of $17 million [2] - The purchase warrants have no specific term and an exercise price of $0.001 per Class A ordinary share, subject to adjustments [3] - The company plans to use $9.4 million of the net proceeds to repurchase 1,449,732 Class A ordinary shares from Bliss on Limited, with the remainder allocated for general corporate purposes [3] Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering services that support capital market compliance and transaction needs for corporate clients [5] - The company's services include financial printing, corporate reporting, communications, and language support, catering to both domestic and international companies listed in Hong Kong [5]

Group 1 - The top gainers among Chinese concept stocks include Kebo Technology with a rise of 53.63%, Anlin Financial Printing up by 40.56%, Yi Pharmaceutical increasing by 36.99%, Zhi Ding Technology rising by 35.93%, and Wok Medical up by 20.48% [1][1][1] - Kebo Technology's latest price is 1.2000, with a gain of 0.4189 and a trading volume of 6.6628 million [1][1][1] - Anlin Financial Printing's latest price is 2.530, with a gain of 0.730 and a trading volume of 48.0717 million [1][1][1] Group 2 - Yi Pharmaceutical's latest price is 5.000, with a gain of 1.350 and a trading volume of 2.5609 million [1][1][1] - Zhi Ding Technology's latest price is 0.3950, with a gain of 0.1044 and a trading volume of 0.2087 million [1][1][1] - Wok Medical's latest price is 2.530, with a gain of 0.430 and a trading volume of 1.6951 million [1][1][1]

Core Insights - Powermax Minerals Inc. has announced a Phase 1 exploration program for the Pinard Project, aimed at integrating historical data with new fieldwork to enhance target generation and prioritize areas for further exploration [1][12]. Project Overview - The Pinard REE Property is located in northern Ontario, Canada, approximately 70 km north-northeast of Kapuskasing, covering 5178 hectares through 255 contiguous mining claims, accessible via an all-weather road [2]. - The Pinard Intrusive Complex is characterized as an alkalic to peralkalic igneous body, sharing tectonomagmatic similarities with the nearby Clay-Howells Alkaline Complex, which hosts a known niobium-REE mineralized system [3]. Phase 1 Program Components - The Phase 1 program will include: - Desktop Data Compilation & GIS Modeling to refine exploration targets using advanced spatial analysis and radiometric interpretation techniques [4][7]. - Field Prospecting & Geological Mapping to identify and characterize pegmatite zones and mineralized structures [8]. - Multi-media Geochemical Sampling to vector toward areas of potential mineralization [9]. - Radiometric Surveys using handheld scintillometers to detect radiometric anomalies [10]. - An Airborne Geophysical Survey to identify structural trends and lithological boundaries [11]. Strategic Goals - The Phase 1 program is designed to rapidly advance the technical understanding of the Project by combining historical datasets with modern exploration techniques, allowing for efficient identification and prioritization of high-quality targets for follow-up work [12]. Company Background - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options for multiple properties, including the Cameron REE Property in British Columbia and the Atikokan REE Property in NW Ontario, in addition to the Pinard REE Property [14].

Core Viewpoint - Chinese concept stocks experienced significant gains, with notable increases in share prices for several companies, indicating a positive market sentiment towards these stocks [1] Group 1: Stock Performance - Kaixin Auto (KXIN) saw a remarkable increase of 33.87%, closing at 4.150, with a trading volume of 57.56 million [1] - Anlin Financial Printing (PMAX) rose by 25.55%, ending at 2.850, with a trading volume of 71.95 million [1] - Yunxuetang (YXT) increased by 14.00%, closing at 0.9730, with a trading volume of 0.0368 million [1] - Junfu Capital (GRAN) experienced a gain of 13.37%, closing at 2.290, with a trading volume of 0.0173 million [1] - Sixiang Unlimited (TO) rose by 12.73%, ending at 0.6200, with a trading volume of 0.0148 million [1]