SolarMax regains Nasdaq bid-price compliance but still below $50M market value

SolarMax Technology, Inc.

On Dec 4, 2024, Nasdaq confirmed SolarMax regained compliance with minimum bid price rule after 10 consecutive days above $1.00.
The company remains non-compliant with Nasdaq's $50M minimum market value of listed securities requirement.
No assurance of maintaining bid-price compliance in the future; market value deficiency still unresolved.
Failure to regain market value compliance could lead to delisting from Nasdaq.

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