---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-24-001631"
form_type: "8-K"
ticker: "SMXT"
cik: "0001519472"
company_name: "SolarMax Technology, Inc."
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T06:55:07.216368+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001640334-24-001631
- form_type: 8-K
- ticker: SMXT
- cik: 0001519472
- company_name: SolarMax Technology, Inc.
- filed_at: 2024-11-01T23:59:59+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/1519472/000164033424001631/0001640334-24-001631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519472/000164033424001631/solarmax_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-001631
- JSON: https://secwatch.observer/filing/0001640334-24-001631.json
- Plain text: https://secwatch.observer/filing/0001640334-24-001631.txt

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