Mergers & Acquisitions ·
Powell Max Limited entered into a Share Exchange Agreement with Blackrod Holdings, LLC, the parent company of…
PMAXPowell Max Ltd
Powell Max Limited entered into a Share Exchange Agreement with Blackrod Holdings, LLC, the parent company of Remington Firearms, on September 25, 2026. Powell Max will issue approximately 261,531 new Class A ordinary shares to Blackrod in exchange for newly issued membership units representing 1.5% of Blackrod’s equity. This transaction establishes an exclusive 12-month period during which the parties intend to negotiate a definitive merger agreement for Powell Max to acquire majority ownership of Remington Firearms. The estimated enterprise value for the potential full acquisition ranges between $200 million and $250 million. Powell Max Limited operates in the financial communications services industry, providing capital market compliance and transaction support.