SolarMax receives Nasdaq bid price deficiency notice; 180 days to regain compliance

SolarMax Technology, Inc.

Nasdaq notified SolarMax on Oct 24, 2024 of failure to maintain $1 minimum bid price (Rule 5450(a)(1)).
Compliance period ends April 22, 2025; requires $1 closing bid for 10 consecutive business days.
Company also previously warned for failing to maintain $50M market value of listed securities.
May consider reverse stock split or transfer to Nasdaq Capital Market to address deficiencies.

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