secwatch.observer — SEC 8-K summary
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Issuer:     SolarMax Technology, Inc. (SMXT)
CIK:        0001519472
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001640334-26-000212
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarMax extends Riverside facility lease to 2033; annual rent starts at $1.86M
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- Lease at 3080 12th St, Riverside extended from Dec 31, 2026 to Dec 31, 2033; annual base rent escalates from $1,855,566 in 2026 to $2,282,112 in 2033.
- Tenant and landlord split $535,100 restoration cost equally; tenant pays $267,550 over 60 months.
- Tenant pays $180,000 for office-to-warehouse conversion; landlord provides $3,000/month rent credit for 60 months.
- Temporary 10% rent reduction until restoration completion; additional 10% reduction if conversion not done by Jan 1, 2027.
- Tenant acknowledges $269,952 due, payable in 16 monthly installments from Jan 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519472/000164033426000212/0001640334-26-000212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519472/000164033426000212/solarmax_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-26-000212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer