Powell Max Ltd filed a Form F-1 registration statement for an initial public offering on 2024-12-02. It has amended it 4 times. It filed its final prospectus on 2024-09-06, at a public offering price of $4.00 per share. Each fact below is quoted from the filing named with it.
What the filings say
Listing
The Class A Ordinary Shares are listed on the Nasdaq under the symbol “PMAX.” On November 20, 2024, the last reported sale price of our Class A Ordinary Shares on Nasdaq was $3.13 per share.From the F-1/A filed 2024-12-12
Shares offered
We are offering on a firm commitment basis 1, 426,750 Class A Ordinary Shares of Powell Max, representing approximately 9.8% of the Ordinary Shares following completion of this offering, assuming the underwriters do not exercise their over -allotment option and after giving effect to the automatic conversion of a Convertible Promissory Note (the “Note”) issued by us to Bliss On Limited, a company wholly -owned by Ms. Po Man Stella Leung (“Ms. Leung”), our controlling shareholder, into Class A Ordinary Shares immediately prior to the trading of our Class A Ordinary Shares on the Nasdaq Capital Market.From the 424B4 filed 2024-09-06
Offering price
____________ (1) Initial public offering price per Class A Ordinary Share is $4.00 per share.From the 424B4 filed 2024-09-06
Use of proceeds
We plan to use the net proceeds of this offering as follows:From the 424B4 filed 2024-09-06
Net loss or income
During the year ended December 31, 2023, we had a net profit after taxation of HK$7,079,243 (approximately US$906,329), and during the year ended December 31, 2022 we incurred net losses of HK$98,603.From the F-1/A filed 2024-12-12
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-07-19 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-07-30 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-08-30 | Registration statement amended (foreign issuer) | F-1/A |
| 2024-09-06 | Final prospectus filed: the offering is priced | 424B4 |
| 2024-12-02 | Registration statement filed (foreign issuer) | F-1 |
| 2024-12-12 | Registration statement amended (foreign issuer) | F-1/A |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.