---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-24-000355"
form_type: "8-K"
ticker: "SMXT"
cik: "0001519472"
company_name: "SolarMax Technology, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:44:19.472809+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SolarMax exercises IPO over-allotment, raising ~$20M gross proceeds

## Summary
- Underwriters purchased 539,950 shares at $4.00/share upon partial exercise of overallotment option.
- Aggregate gross proceeds from IPO now approximately $20 million before expenses.
- Issued warrants to Kingswood for 43,196 shares at $4.80/share exercise price.
- Kingswood acted as sole bookrunner for the IPO and the over-allotment.

## SEC filing metadata
- accession: 0001640334-24-000355
- form_type: 8-K
- ticker: SMXT
- cik: 0001519472
- company_name: SolarMax Technology, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519472/000164033424000355/0001640334-24-000355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519472/000164033424000355/solarmax_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-000355
- JSON: https://secwatch.observer/filing/0001640334-24-000355.json
- Plain text: https://secwatch.observer/filing/0001640334-24-000355.txt

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