---
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"
generated_at: "2026-06-05T06:36:01.661260+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SolarMax Technology completes IPO of 4.5M shares at $4.00 for $18M gross proceeds

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-000325
- JSON: https://secwatch.observer/filing/0001640334-24-000325.json
- Plain text: https://secwatch.observer/filing/0001640334-24-000325.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Kingswood, a division of Kingswood Capital Partners, LLC (the "Representative")
  - Value: $4.00 per share
  - Effective: 2024-02-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1519472/000164033424000325/0001640334-24-000325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.