MaxsMaking Inc. (the “Company” or “MaxsMaking”) (NASDAQ:MAMK), a manufacturer of customized consumer goods with a focus on advanced technology and innovation, today announced the closing of its initial public offering (the “Offering”) of 1,625,000 A shares, par value $0.01 per share (the “A Shares”), at a public offering price of $4.00 per share for gross proceeds of $6,500,000, before deducting underwriting discounts and offering expenses. The Offering closed on July 8, 2025, and the A Shares commenced trading on the Nasdaq Capital Market on July 7, 2025, under the ticker symbol “MAMK”.
MaxsMaking has granted the underwriter an option, within 45 days from the closing date of the Offering, to purchase up to an additional 243,750 A Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any.
The Offering was conducted on a firm commitment basis. Joseph Stone Capital, LLC acted as the sole underwriter for the Offering. Ellenoff Grossman & Schole LLP acted as U.S. counsel to the Company, and Davidoff Hutcher & Citron LLP acted as U.S. counsel to the underwriter, in connection with the Offering.
MaxsMaking intends to use approximately 45% of the proceeds from this Offering for construction of production facilities and expansion of its scale of production, approximately 20% for potential strategic investment and acquisitions, approximately 15% for new hires in the sales, IT, production and management departments, approximately 12% for marketing and the remaining approximately 8% for product and software research and development.
A registration statement on Form F-1 (File No. 333-283211) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on July 3, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained from Joseph stone Capital, LLC: 585 Stewart Ave., Suite L60-C, Garden City, NY 11530, via email at corporatefinance@josephstonecapital.com or telephone at +1 (866) 866 1433. In addition, a copy of the final prospectus may be obtained via the SEC’s website at www.sec.gov.
Before you invest, you should read the prospectus and other documents MaxsMaking has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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