SolarMax receives Nasdaq delisting notice for market value below $50M

SolarMax Technology, Inc.

Nasdaq notified SolarMax on Oct 22, 2024 of failure to meet minimum market value of listed securities ($50M) under Rule 5450(b)(2)(A).
Company has 180-day compliance period ending April 21, 2025 to regain compliance.
To comply, market value must close at $50M+ for ten consecutive business days.
If non-compliant at deadline, Nasdaq will issue delisting notice; appeal possible.
Company may consider transferring to Nasdaq Capital Market if it meets listing requirements.

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