Spartan Capital Securities Serves as Sole Placement Agent in Powell Max Limited's $17 Million PIPE Financing

Spartan Capital Securities served as sole placement agent in a $17 million PIPE financing for Powell Max Limited (Nasdaq: PMAX). The financing consisted of units comprised of one Class C ordinary share and a warrant to purchase Class A ordinary shares. The Company will use $9.4 million to repurchase shares from Bliss on Limited and the remainder for general corporate purposes.