other_material
confidence high
sentiment neutral
materiality 0.65
SolarMax issues 5.7M shares at $0.74-$0.83 each, raising $4.38M for working capital
SolarMax Technology, Inc.
- Issued 5,712,402 shares to five investors at 75% of market price ($0.74-$0.83/share).
- Gross proceeds of $4,380,000; funds used for working capital.
- Transactions occurred in June and July 2025; board approval triggered 5% threshold on July 31, 2025.
- No broker involved; issuance exempt under Section 4(a)(2) of Securities Act.
item 3.02item 9.01