Powell Max Limited announced it has regained compliance with Nasdaq Listing Rule 5605(c)(2) regarding audit committee requirements. This follows the appointment of four new directors to the Board and Audit Committee, leading Nasdaq to confirm the matter is closed and allowing the Company to remain listed on the Nasdaq Capital Market.
Key takeaways
Powell Max Limited regained compliance with Nasdaq audit committee requirements under Listing Rule 5605(c)(2).
Nasdaq staff confirmed compliance in a letter dated February 12, 2026, closing the matter.
The Company appointed Mr. Andrew Hancox, Mr. Phillip Balatsos, Ms. Caroline Castleforte, and Ms. Lourdes Felix to its Board of Directors and Audit Committee.
Nasdaq previously notified the Company of non-compliance on February 5, 2026.
The Company remains listed on the Nasdaq Capital Market under the trading symbol 'PMAX'.