MaxsMaking Addresses US SEC's 10-Day Order of Suspension of Trading

MT Newswires Live

2025/12/01

MaxsMaking (MAMK) said Monday it has addressed the US Securities and Exchange Commission's 10-day order of suspension of trading that will expire at 11:59 pm ET on Dec. 1.

The regulator imposed the order on Nov. 14 due to alleged potential manipulation of MaxsMaking's securities to "artificially inflate" the stock price and trading volume, according to the company.

MaxsMaking said it has no information to provide that any of its current officers, directors, or staffers held any shares involved in the trading, or the recent trading activity was carried out by someone known to the management.

The company is also in communication with other regulators and is responding to Nasdaq's request for additional information.

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