{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-26-000414","form_type":"8-K","ticker":"SMXT","cik":"0001519472","company_name":"SolarMax Technology, Inc.","filed_at":"2026-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.303992+00:00","generated_at":"2026-05-15T16:33:38.146084+00:00","sec_items":["3.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SolarMax receives Nasdaq deficiency notice for bid price below $1","bullets":["Received Nasdaq notice on March 3, 2026 for failing minimum $1 bid price requirement.","Must regain compliance by Aug 31, 2026; needs $1 closing bid for 10 consecutive days.","May consider reverse stock split; must complete >10 business days before deadline.","If not compliant, will receive delisting notice; 10-day bid ≤$0.10 triggers Staff Delisting."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-26-000414","json":"https://secwatch.observer/filing/0001640334-26-000414.json","markdown":"https://secwatch.observer/filing/0001640334-26-000414.md","text":"https://secwatch.observer/filing/0001640334-26-000414.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519472/000164033426000414/0001640334-26-000414-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519472/000164033426000414/solarmax_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T16:33:38.146084+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"016998ae9ef023c3dbe5bb485f2142634378aeea","claim":"SolarMax Technology, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"March 3, 2026, SolarMax Technology, Inc. (the “Company”) received a notice from The Nasdaq Stock Market that the Company does not meet Nasdaq’s continued listing requirement of Rule 5550(a)(2) that the Company maintain a minimum bid price of $1 per share. The Nasdaq rules provide that the Company has a compliance period of 180 calendar days to regain compliance. This period expires on August 31. 2026. To become compliant, the closing bid price of the Company’s common stock must be at least $1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519472/000164033426000414/0001640334-26-000414-index.htm","confidence":0.95,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}