UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT
OF 1934
For the month of September 2024
Commission File Number 333-279859
Powell Max Limited
(Registrant’s Name)
22/F., Euro Trade Centre
13-14 Connaught Road Central,
Hong Kong
(Address of principal executive office)
Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒
Form 40-F ☐
On September 5, 2024, Powell Max Limited (the
“Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with WallachBeth Capital LLC
as representative of the underwriters listed on Schedule I to the Underwriting Agreement (the “Representative”), relating
to the Company’s initial public offering (the “IPO”) of 1,426,750 Class A Ordinary Shares of the Company, par value
$0.0001 per share (the “Ordinary Shares”).
On September 6, 2024, the Company closed the IPO.
The Company completed the IPO pursuant to its registration statement on Form F-1 (File No. 333-279859), which was initially filed
with the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024, as amended, and declared effective by the SEC
on September 4, 2024. The Ordinary Shares were priced at $4.00 per share, and the offering was conducted on a firm commitment basis. The
Ordinary Shares were previously approved for listing on The Nasdaq Capital Market and commenced trading under the ticker symbol “PMAX”
on September 5, 2024.
In connection with the IPO, the Company issued
a press release on September 5, 2024, announcing the pricing of the IPO and a press release on September 6, 2024, announcing the closing
of the IPO, respectively.
Copies of the two press releases are attached
hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated by reference herein.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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POWELL MAX LIMITED |
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By: |
/s/ Tsz Kin Wong |
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Name: |
Tsz Kin Wong |
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Title: |
Chairman of the Board, Executive Director and Chief Executive Officer |
Date: September 6, 2024
3
Exhibit 99.1
Powell Max Limited Announces Pricing of
Initial Public Offering
HONG KONG, Sept. 05, 2024 (GLOBE NEWSWIRE)
-- Powell Max Limited (Nasdaq: PMAX) (the “Company” or “Powell Max”), a financial communications
services provider headquarted in Hong Kong, today announced the pricing of its initial public offering (the “Offering”)
of 1,426,750 Class A Ordinary Shares (the “Shares”) at a public offering price of $4 per Share. The Company expects
to receive aggregate gross proceeds of $5,707,000 from the Offering, before deducting underwriting discounts and other offering expenses.
In addition, the Company has granted the Underwriter a 45-day option to purchase up to an additional 214,012 Shares at the public offering
price, less underwriting discounts.
The Shares are expected to being trading on
the Nasdaq Capital Market on September 5, 2024, under the symbol “PMAX.” The Offering is expected to close on September
6, 2024, subject to customary closing conditions.
The Company intends to use the net proceeds
from the Offering for setting up overseas business entities, branches and offices, potential mergers and acquisitions, repayment of bank
loans and for working capital and general corporate use.
WallachBeth Capital LLC (the “Underwriter”)
is acting as Lead Underwriter to the Offering and Revere Securities LLC is acting as the Co- Manager to the Offering. K&L Gates is
acting as U.S. counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Underwriter.
A registration statement on form F-1 (333-279859)
related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission on September
4, 2024. The Offering is made only by means of a prospectus. Once available, a copy of the final prospectus related to the Offering may
be obtained from: the Underwriter, by email at cap-mkts@wallachbeth.com. The final prospectus will be filed with the SEC and will
be available on the SEC’s website located at http://www.sec.gov.
This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state
or jurisdiction.
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 proposed initial public offering. 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 initial public offering discussed above will be completed on the terms described. Completion
of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond the control of
the Company, including, without limitation, the failure of customary closing conditions and the risk factors and other matters set forth
in the prospectus included in the registration statement in the form last filed 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
ir@janfp.com (852) 2158 2888
Exhibit 99.2
Powell Max Limited Announces Closing of its Initial
Public Offering
HONG KONG, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Powell Max Limited
(Nasdaq: PMAX) (the “Company” or “Powell Max”), a financial communications services provider
headquartered in Hong Kong, today announced the closing of its initial public offering (the “Offering”) of
1,426,750 Class A Ordinary Shares (the “Shares”) at a public offering price of $4 per Share. The aggregate gross
proceeds from the Offering, before deducting underwriting discounts and other offering expenses, were $5,707,000. The Shares are
listed on the Nasdaq Capital Market under the symbol “PMAX.”
The Company has granted the Underwriter a 45-day option to purchase
up to an additional 214,012 Shares at the Offering price, less underwriting discounts.
WallachBeth Capital LLC (the “Underwriter”) acted
as Lead Underwriter to the Offering and Revere Securities LLC acted as the Co-Manager to the Offering. K&L Gates acted as U.S. counsel
to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the Underwriter.
A registration statement on form F-1 (333-279859)
related to these securities has been filed with the United States Securities and Exchange Commission and declared effective on September
4, 2024. The Offering is made only by means of a prospectus. A copy of the final prospectus related to the Offering may be obtained from
the Underwriter by email at cap-mkts@wallachbeth.com. The final prospectus is available on the SEC’s website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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. 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. 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
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