{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-24-000325","form_type":"8-K","ticker":"SMXT","cik":"0001519472","company_name":"SolarMax Technology, Inc.","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.472533+00:00","generated_at":"2026-06-05T06:36:01.661260+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SolarMax Technology completes IPO of 4.5M shares at $4.00 for $18M gross proceeds","bullets":["IPO of 4,500,000 shares at $4.00 per share; gross proceeds of $18M before expenses.","Underwriters granted 45-day option for additional 675,000 shares at $4.00 to cover over-allotments.","Shares began trading on Nasdaq Global Market under ticker SMXT on Feb 27, 2024.","Issued Representative's Warrant to Kingswood for 360,000 shares at $4.80, exercisable through Feb 12, 2029.","Kingswood, a division of Kingswood Capital Partners, acted as sole bookrunner."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-24-000325","json":"https://secwatch.observer/filing/0001640334-24-000325.json","markdown":"https://secwatch.observer/filing/0001640334-24-000325.md","text":"https://secwatch.observer/filing/0001640334-24-000325.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000325/0001640334-24-000325-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000325/solarmax_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T06:36:01.661260+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"170233faf13f26195cdba3153d030194aca25bf5","claim":"SolarMax Technology, Inc. entered into Underwriting Agreement with Kingswood, a division of Kingswood Capital Partners, LLC (the \"Representative\") valued at $4.00 per share (effective 2024-02-27).","evidence_excerpt":"On February 27, 2024, SolarMax Technology, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Kingswood, a division of Kingswood Capital Partners, LLC (the “Representative”), as representative of the underwriters.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000325/0001640334-24-000325-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Kingswood, a division of Kingswood Capital Partners, LLC (the \"Representative\")"},{"label":"Value","value":"$4.00 per share"},{"label":"Effective","value":"2024-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}