Powell Max Limited will implement a 1-for-10 share consolidation effective April 17, 2026, reducing the number of outstanding shares to increase the stock price above Nasdaq's $1 minimum bid requirement. This move aims to maintain the company's listing on the Nasdaq Capital Market under ticker PMAX with a new CUSIP number. Shareholders will see their shares automatically adjusted, with fractional shares rounded up to whole shares. The consolidation reduces authorized shares and adjusts share classes but does not affect Class B shares, which are currently unissued. This step helps Powell Max comply with Nasdaq rules and potentially improve market perception of its stock.
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