SolarMax Technology will effect a 1-for-12 reverse stock split effective August 13, 2026, to support its effort to regain compliance with Nasdaq’s minimum bid price requirement. The reverse split reduces outstanding shares from approximately 56.9 million to about 4.74 million, with cash paid for fractional shares. The company received a Nasdaq notice on March 3, 2026, for failing to maintain a $1 minimum bid price, and the compliance period expires August 31, 2026. SolarMax also faces a separate Nasdaq notice regarding a $35 million minimum market value of listed securities, with a compliance deadline of December 21, 2026, which the reverse split does not address.
Solarmax Technology Inc. Common StockReverse stock split to regain Nasdaq compliance, but does not address separate market value deficiency.
