Powell Max Limited has announced a private placement transaction involving the sale of up to 1,600,000 Class A ordinary shares and up to 4,800,000 common warrants. Each warrant is exercisable for one Class A ordinary share. The transaction is expected to generate approximately US$403,200 in gross proceeds, which will be allocated towards general corporate purposes, including working capital. The common warrants, with an exercise price of US$0.0001 per share, are immediately exercisable and carry a validity period of three years. Purchasers have agreed to a 180-day lock-up period, restricting the sale or transfer of the acquired securities. The transaction remains subject to customary closing conditions.
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