Powell max limited announces receipt of nasdaq notification regarding minimum bid price deficiency

Hong kong, march 11, 2025 (globe newswire) -- powell max limited (nasdaq: pmax) (the “company” or “powell max”), a financial communications services provider headquartered in hong kong, announced that it has received a notification letter (the “notice”) from the nasdaq stock market llc (“nasdaq”) that the company is not in compliance with the $1.00 minimum bid price requirement for continued listing of the company's class a ordinary shares (the “ordinary shares”) on the nasdaq capital market, as set forth in nasdaq listing rules (the “minimum bid price requirement”) because the closing bid price for the ordinary shares had been below $1.00 for 30 consecutive business days.
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