Powell Max (PMAX) has secured a significant new financing option through a standby equity line of credit with YA II PN, Ltd., an affiliate of Yorkville Advisors Global. This Equity Line allows Powell Max to issue and sell up to $40M of its Class A ordinary shares to Yorkville. In connection with the Equity Line, Powell Max has issued a $1M convertible promissory note to Yorkville due November 2025. Powell Max will file a Current Report on Form 6-K with the Securities and Exchange Commission, with additional details of the transactions. The $40M Equity Line will allow Powell Max to expand its portfolio of liquidity solutions and support its other strategic partnerships and investments in the financial communications and ancillary sectors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PMAX:
- Powell Max CFO Chun Ho Lam resigns, Kam Lai Kwok succeeds
- Opening Day: Obesity drug developer BioAge makes Nasdaq debut
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
