MAMK News & Events

The Nasdaq Stock Market (NDAQ) announced that trading is halted in MaxsMaking (MAMK) for additional information requested from the company. Previously, the SEC effected a trading suspension in MAMK from 04:00:00 on November 17, 2025 to 23:59:00 on December 1, 2025. The last sale price of the company's shares was $13.00. Trading will remain halted until MaxsMaking has fully satisfied Nasdaq's request for additional information.

MaxsMaking addressed the ten-day Order of Suspension of Trading in the securities of the company entered by the SEC that expires tonight, December 1 at 11:59 PM Eastern Standard Time. The company said, "On November 14, 2025, the SEC entered the Order because of what appeared to the SEC to be the potential manipulation of the Company's securities designed to artificially inflate the price and trading volume of the Company's securities. The trading suspension did not relate to questions regarding the accuracy and adequacy of information in the marketplace about the Company. Moreover, the Company has no information to suggest that the trading involved any shares held by current MaxsMaking officers, directors, or employees. Similarly, the Company has no information at this time to suggest that the recent trading activity was conducted by persons known to current management. The Company has pledged to and is cooperating fully with the SEC's inquiry into the trading of the Company's securities. The Company also is cooperating fully with related inquiries by other capital markets regulators, including responding to a request from Nasdaq Regulation for additional information. The Company stands fully behind the accuracy and content of all press releases that the Company has issued and its public filings, including its published financial statements. The Company has not, does not and will not communicate with publishers of internet newsletters or internet chat boards. Moreover, the Company has not paid anyone and does not pay anyone to promote its securities. The Company's retention of investor relations firms is solely for the purpose of ensuring prompt dissemination of material and financial information as required by regulators and establishing public awareness of corporate developments warranting disclosure. MaxsMaking refers all potential investors to warnings issued by the SEC about potentially misleading conduct in the promotion of stocks via the internet. Consistent with investor notices published by the SEC, MaxsMaking cautions potential investors who are interested in information about the Company to consider only information issued directly by the Company in filings with the SEC and press releases published by the Company. In response and to advise the Company in connection with the trading suspension and the Company's cooperation with regulators, the Company has hired Jacob Frenkel, Chair, Government Investigations and Securities Enforcement Practice, Dickinson Wright PLLC, to advise the Company. Mr. Frenkel, nationally recognized for defending and litigating trading suspensions, previously worked for the SEC's Division of Enforcement, was a U.S. federal criminal prosecutor of public corruption and federal securities laws violations, and in his private practice has successfully litigated a trading suspension of an issuer's securities such that the SEC set aside the trading suspension. Mr. Frenkel and Dickinson Wright PLLC will supplement and complement the efforts of Ellenoff Grossman & Schole LLP, which has represented and continues to represent the Company since its initial public offering."

Reports 1H revenue $12.4M vs $9.73M last year. Xiaozhong Lin, Chairman and Chief Executive Officer of MaxsMaking, remarked: "In the first half of fiscal year 2025, we navigated a shifting business environment by scaling our domestic sales to secure stable revenue growth and strengthened market position, through various proactive initiatives such as trade-fair participation, targeted promotional events, expanded direct marketing and key-customer negotiations, and competitive pricing strategies. At the same time, we continued to diversify into Oceania, South America, and Africa to offset market headwinds in Asia, North America, and Europe. During this period, our total revenue increased by 27.43%, driven by a 51.89% surge in domestic sales and new customer acquisitions from the emerging markets. As global disruptions and uncertainties gradually subside, we believe our solid sales base will support a strong rebound, providing a renewed springboard for future growth."

MaxsMaking, a manufacturer of customized consumer goods headquartered in Shanghai, priced its initial public offering of 1.625M shares at a public offering price of $4.00 per share. Joseph Stone Capital is acting as the sole underwriter.