Dividends & Buybacks ·
SolarMax Technology, Inc. announced a one-for-twelve reverse stock split of its common stock to regain compliance with…
SMXTSolarMax Technology, Inc.
SolarMax Technology, Inc. announced a one-for-twelve reverse stock split of its common stock to regain compliance with Nasdaq’s minimum bid price requirement. The split becomes effective on August 13, 2026, reducing outstanding shares from approximately 56.9 million to roughly 4.7 million and authorized shares from 297,225,000 to 24,768,750. Fractional shares will be paid out in cash based on the closing market price on the effective date. The company also faces a separate Nasdaq notice regarding a minimum market value of listed securities requirement, with a compliance deadline of December 21, 2026. SolarMax Technology operates in the solar and renewable energy sector, providing commercial EPC services and residential solar solutions.