---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-24-001607"
form_type: "8-K"
ticker: "SMXT"
cik: "0001519472"
company_name: "SolarMax Technology, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:10:29.423259+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001640334-24-001607
- form_type: 8-K
- ticker: SMXT
- cik: 0001519472
- company_name: SolarMax Technology, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519472/000164033424001607/0001640334-24-001607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519472/000164033424001607/solarmax_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-001607
- JSON: https://secwatch.observer/filing/0001640334-24-001607.json
- Plain text: https://secwatch.observer/filing/0001640334-24-001607.txt

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