Recent Updates — MAMK
MaxsMaking Inc. announced that Nasdaq has denied its request to reinstate trading and ordered the company's delisting following a hearing on August 27, 2026. The decision stems from an SEC temporary trading suspension in November 2025 regarding potential market manipulation and insufficient public float. Trading remains halted pending a further review by the Nasdaq Listing and Hearing Review Council. Concurrently, shareholders approved the conversion of all B shares to A shares and the company's re-domestication as a Delaware corporation. MaxsMaking Inc. is a manufacturer of customized consumer goods with operations in China.
The Nasdaq Hearings Panel denied the company's request to reinstate trading, upholding a staff determination to delist its securities. The decision cites trading activity indicative of potential manipulation and insufficient liquidity to support a fair market. Only 10% of outstanding shares are held by public investors, creating excessive risk. Trading has been halted since December 2, 2025, following an SEC suspension in late 2025. The company has requested a review by the Nasdaq Listing and Hearing Review Council, though this does not stay the delisting or trading halt. MaxsMaking Inc. operates in the manufacturing industry.
On September 28, 2026, shareholders of MaxsMaking Inc. approved two proposals at an Extraordinary General Meeting. First, they authorized the amendment and restatement of the Articles to remove all B shares following their redesignation as A shares on August 25, 2026, establishing a single class of unlimited A shares with $0.01 par value. Second, shareholders approved the continuation of the Company from the British Virgin Islands to Delaware for re-domestication under Delaware law. The Articles Amendment Proposal passed with 14,851,880 votes in favor against 500, while the Re-Domestication Proposal received 14,851,106 votes in favor against 1,274. MaxsMaking Inc. operates in the manufacturing industry.
MaxsMaking Inc. filed a notice for an extraordinary general meeting of shareholders scheduled for September 28, 2026. The company seeks shareholder approval to amend its memorandum and articles of association following the redesignation of all Class B shares as Class A shares on August 25, 2026, thereby eliminating the dual-class share structure and establishing a single class of unlimited Class A shares with US$0.01 par value. Additionally, shareholders are voting to approve the continuation of the company from the British Virgin Islands to Delaware and its domestication as a corporation under Delaware law. This corporate restructuring is material as it fundamentally alters the company's governance framework and jurisdictional status. MaxsMaking Inc. operates in the manufacturing industry.
On August 25, 2026, major shareholders ThriveNova Inc. and OptimaForge Inc. agreed to redesignate 7,425,000 B shares into A shares of MaxsMaking Inc., a move approved by the board on the same day. Following this transaction, the company will have 16,625,000 A shares outstanding with no B shares remaining. The shares were issued under Section 4(a)(2) exemptions from registration. This corporate action consolidates share classes held by insiders Xiaozhong Lin and Xuefen Zhang. MaxsMaking Inc. operates in the manufacturing industry.
MaxsMaking Inc. received a Staff Delisting Determination from Nasdaq on July 17, 2026, resulting in the determination to delist the company's securities. This action follows an SEC trading suspension on November 17, 2025, and a subsequent Nasdaq trading halt on December 2, 2025. Nasdaq cited Listing Rule IM-5101-4, noting concerns that the security's lack of liquidity makes it susceptible to third-party price manipulation. The company intends to request a hearing before an independent Hearings Panel, which will trigger an automatic stay of the delisting action. MaxsMaking Inc. is a manufacturer of customized consumer goods.