Powell Max Secures $2.4M via Private Placement and Adds $1.2M Spartan Consulting Deal
PMAX is trading near its 52-week low of $0.75 (14% above the low) on elevated volume (6.9× avg).
Summary
Powell Max raised $2.42M through a private placement at $1.00 per share and signed a $1.2M consulting agreement with Spartan Capital Securities, its placement agent.
Key Events · Financing and Capital Events · PMAX
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Private Placement Raises $2.42M
Two closings completed: $1.7M on August 24 and $721K on September 30, selling 2,421,000 Class C shares at $1.00 per share.
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Spartan Consulting Agreement Signed
12-month M&A advisory deal pays Spartan $500K cash plus $700K in Class C shares, with the equity fee due upon closing of the Remington Firearms merger or the private placement.
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Placement Agent Compensation
Spartan receives 10% cash fees ($242K total) and warrants for 242,100 Class A shares at $1.50 exercise price, plus a $331K success fee once $1M is raised.
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Offering Terms and Dilution
Class C shares convert to Class A at the Floor Price with a 4.99% beneficial ownership blocker; offering period runs through December 31, 2026.
Analysis · PMAX · Trade & Services
Powell Max completed two closings of a private placement, raising $2.42M in gross proceeds at $1.00 per Class C share. The company also signed a consulting and M&A agreement with placement agent Spartan Capital Securities, committing $500K in cash and $700K in equity. The capital is critical for a company with a market cap under $2M, but the terms are expensive: 10% cash fees, 10% warrant coverage, and a $331K success fee to Spartan. The consulting agreement ties Spartan's equity fee to the closing of the Remington Firearms merger announced September 28, aligning the agent with that deal's completion.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PMAX was trading at $0.85 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.8M. The 52-week trading range was $0.75 to $52.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.