SolarMax Technology Files 8-K

TL;DR

SolarMax filed an 8-K on March 5th, check it for company updates.

AI Summary

SolarMax Technology, Inc. filed an 8-K on March 5, 2024, reporting other events and financial statements. The company, incorporated in Nevada with its principal executive offices in Riverside, California, is involved in construction special trade contracting.

Why It Matters

This filing indicates that SolarMax Technology, Inc. has submitted a current report to the SEC, which may contain material updates regarding the company's operations or financial status.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report and does not appear to contain any immediately alarming information.

Key Numbers

• 001-41959 — SEC File Number (Identifies the company's filing with the SEC.)
• 26-2028786 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• SolarMax Technology, Inc. (company) — Registrant
• March 5, 2024 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation
• Riverside, California (location) — Principal executive offices
• 001-41959 (identifier) — SEC file number

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SMXT The Nasdaq Stock Mar
• $4.00 — at the initial public offering price of $4.00 per share. Including proceeds from the
• $20 m — eds from the offering was approximately $20 million, prior to deducting the underwrit
• $4.80 — of common stock at an exercise price of $4.80 per share. On March 5, 2024, the Compa

Filing Documents

• solarmax_8k.htm (8-K) — 24KB
• solarmax_ex991.htm (EX-99.1) — 11KB
• 0001640334-24-000355.txt ( ) — 161KB
• solarmax-20240305.xsd (EX-101.SCH) — 6KB
• solarmax-20240305_lab.xml (EX-101.LAB) — 14KB
• solarmax-20240305_cal.xml (EX-101.CAL) — 1KB
• solarmax-20240305_pre.xml (EX-101.PRE) — 9KB
• solarmax-20240305_def.xml (EX-101.DEF) — 2KB
• solarmax_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On March 5, 2024, the underwriters of the initial public offering of SolarMax Technology, Inc. (the "Company") purchased 539,950 shares of common stock upon the underwriters' partial exercise of their over-allotment option at the initial public offering price of $4.00 per share. Including proceeds from the sale of the additional shares, the aggregate gross proceeds from the offering was approximately $20 million, prior to deducting the underwriting discounts, commissions and offering expenses payable by the Company. In connection with the sale of the additional shares, the Company issued to Kingswood, a division of Kingswood Capital Partners, LLC, the sole bookrunner for the offering, warrants to purchase 43,196 shares of common stock at an exercise price of $4.80 per share. On March 5, 2024, the Company issued a press release announcing the sale of the over-allotment shares. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated March 5, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SolarMax Technology, Inc. Dated: March 05, 2024 By: /s/ David Hsu David Hsu Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR