regulatory
confidence high
sentiment positive
materiality 0.55
SolarMax regains compliance with Nasdaq $50M market value listing requirement
SolarMax Technology, Inc.
- Nasdaq confirmed that for 10 consecutive business days (Nov 25–Dec 9, 2024) market value was ≥$50M.
- Regained compliance with Listing Rule 5450(b)(2)(A); matter is now closed.
- Previously, on Oct 22, 2024, the company received a non-compliance notice for falling below $50M.
- Company cautions it may not maintain compliance with the rule in the future.