Powell Max Limited Regains Compliance with NASDAQ Listing Requirements
Rhea-AI Summary
Powell Max (Nasdaq: PMAX) has regained compliance with Nasdaq Listing Rule 5605(c)(2) after appointing four directors to its board and audit committee.
Nasdaq staff notified the company of non-compliance on Feb 5, 2026; following appointments disclosed in a Feb 10, 2026 Form 6-K, Nasdaq closed the matter in a Feb 12, 2026 letter. Powell Max remains listed under PMAX.
Positive
- Regained Nasdaq audit committee compliance as of Feb 12, 2026
- Appointed four directors to board and audit committee
- Maintains listing on the Nasdaq Capital Market (PMAX)
Negative
- Received Nasdaq non-compliance notice under Rule 5605(c)(2) on Feb 5, 2026
News Market Reaction
On the day this news was published, PMAX gained 4.42%, reflecting a moderate positive market reaction. This price movement added approximately $278K to the company's valuation, bringing the market cap to $7M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
PMAX was down 6.1% while close peers were mostly positive: LICN +1.33%, PC +0.32%, SFHG +2.07%, NISN +12.4%. Only SMX showed a similar decline at -5.68%, suggesting PMAX’s move was stock-specific rather than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | Nasdaq notice & governance | Positive | +0.8% | Nasdaq notice of noncompliance alongside steps to restore audit committee. |
| Sep 23 | H1 2025 earnings | Negative | -2.3% | Higher revenue but large net loss and sharply higher expenses. |
Limited history shows price reactions generally aligning with the tone of governance and earnings news.
Over the last few months, Powell Max has faced listing and governance scrutiny while also reporting mixed financials. A Feb 11, 2026 notice detailed Nasdaq’s governance concern but also board and audit committee changes, with shares rising 0.82%. Earlier, on Sep 23, 2025, H1 2025 results showed modest revenue growth but a sharp swing to net loss, and the stock fell 2.27%. Today’s confirmation of regained Nasdaq audit committee compliance follows directly from the February governance steps.
Market Pulse Summary
This announcement confirms that Powell Max regained compliance with Nasdaq’s audit committee requirements under Listing Rule 5605(c)(2), with Nasdaq closing the matter on February 12, 2026. It follows earlier board and audit committee changes disclosed in a February 10, 2026 Form 6-K. Investors may compare this governance stabilization against prior financial results and past listing-related communications, watching future filings and earnings for evidence that operational and capital-structure risks are being addressed.
Key Terms
audit committee regulatory
form 6-k regulatory
nasdaq capital market regulatory
AI-generated analysis. Not financial advice.
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
ir@janfp.com
(852) 2158 2888
FAQ
How did Powell Max (PMAX) regain Nasdaq compliance on Feb 12, 2026?
Which directors did Powell Max (PMAX) add to meet Nasdaq audit committee rules?
When did Nasdaq notify Powell Max (PMAX) about non-compliance with Rule 5605(c)(2)?
Is Powell Max (PMAX) still listed on the Nasdaq after regaining compliance?
What public filings did Powell Max (PMAX) use to disclose the board appointments?
