SolarMax Technology, Inc. (SMXT) Form 8-K — Aug 21, 2026
SolarMax Technology received a notice from Nasdaq on August 20, 2026 stating that it fails continued listing requirements under Listing Rule 5250(c)(1) because it has not filed its Form 10-Q for the quarter ended June 30, 2026. The company has until October 19, 2026 to submit a compliance plan, and if Nasdaq accepts it, an exception of up to 180 days could extend the cure window to February 16, 2027. This is the company's third active Nasdaq compliance problem. SolarMax has been out of compliance with the $1.00 minimum bid price rule since a March 3, 2026 notice, and it effected a one-for-12 reverse stock split on August 13, 2026 ahead of an August 31, 2026 cure deadline.
Key figures
- Reverse split ratio
- 1:12
- Bid price cure deadline
- August 31, 2026
- Compliance plan deadline
- October 19, 2026
- Nasdaq exception deadline
- February 16, 2027
- Market value cure deadline
- December 21, 2026
- Minimum bid price requirement usd
- 1
- Market value of listed securities requirement usd
- 35000000
Price after filing
Close on the filing date to close N calendar days later (from $3.82). Historical, not a forecast.
AI analysis
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