secwatch.observer — SEC 8-K summary
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Issuer:     SolarMax Technology, Inc. (SMXT)
CIK:        0001519472
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001640334-24-000325
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519472/000164033424000325/0001640334-24-000325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519472/000164033424000325/solarmax_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-24-000325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer