Powell Max Ltd: Over-allotment Option Partially Exercised
Ticker: PMAX · Form: 6-K · Filed: Oct 2, 2024 · CIK: 2012096
| Field | Detail |
|---|---|
| Company | Powell Max Ltd (PMAX) |
| Form Type | 6-K |
| Filed Date | Oct 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.0001, $4.00, $399,060, $5,707,000, b |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, over-allotment, secondary-offering
TL;DR
Powell Max Ltd IPO: Underwriters bought 99,765 extra shares at $4.00 on Oct 2.
AI Summary
On October 2, 2024, Powell Max Limited announced that WallachBeth Capital LLC, acting as the representative for the underwriters, partially exercised the over-allotment option for its initial public offering. This resulted in the purchase of an additional 99,765 Class A Ordinary Shares at $4.00 per share, totaling $399,060.
Why It Matters
The partial exercise of the over-allotment option indicates continued investor demand and can provide additional capital for the company.
Risk Assessment
Risk Level: low — This filing is a routine post-IPO event related to an over-allotment option exercise, not indicating new operational risks.
Key Numbers
- 99,765 — Additional Shares Purchased (Partial exercise of over-allotment option)
- $4.00 — Price Per Share (Public offering price for additional shares)
- $399,060 — Total Value of Additional Shares (99,765 shares * $4.00/share)
Key Players & Entities
- Powell Max Limited (company) — Registrant
- WallachBeth Capital LLC (company) — Representative of the underwriters
- 99,765 (dollar_amount) — Number of Class A Ordinary Shares purchased
- $4.00 (dollar_amount) — Public offering price per share
- $399,060 (dollar_amount) — Total value of the additional shares purchased
- October 2, 2024 (date) — Date of the over-allotment option exercise
FAQ
What is the total number of shares that could have been purchased under the over-allotment option?
The filing states that 99,765 shares were *partially* exercised, implying the full over-allotment option was larger than this amount, though the exact total is not specified in this excerpt.
Who is acting as the representative for the underwriters?
WallachBeth Capital LLC is acting as the representative of the underwriters.
What type of shares were purchased?
Class A Ordinary Shares of Powell Max Limited were purchased.
What was the date of this filing and the event it reports?
The filing was made on October 2, 2024, and it reports an event that occurred on October 2, 2024.
What is the par value of the Class A Ordinary Shares?
The par value of the Class A Ordinary Shares is $0.0001 per share.
Filing Stats: 368 words · 1 min read · ~1 pages · Grade level 13 · Accepted 2024-10-02 17:29:56
Key Financial Figures
- $0.0001 — uo;Additional Shares”), par value $0.0001 per share, at the public offering price
- $4.00 — share, at the public offering price of $4.00 per share (the “Option”). A
- $399,060 — t, the Company raised gross proceeds of $399,060, in addition to the previously announce
- $5,707,000, b — previously announced gross proceeds of $5,707,000, before deducting underwriting discounts a
Filing Documents
- ea0216532-6k_powell.htm (6-K) — 16KB
- ea021653201ex99-1_powell.htm (EX-99.1) — 9KB
- 0001213900-24-084731.txt ( ) — 26KB
SIGNATURES
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. POWELL MAX LIMITED By: /s/ Tsz Kin Wong Name: Tsz Kin Wong Title: Chairman of the Board, Executive Director and Chief Executive Officer Date: October 2, 2024 2