---
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"
generated_at: "2026-05-15T16:33:38.146084+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SolarMax receives Nasdaq deficiency notice for bid price below $1

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-26-000414
- JSON: https://secwatch.observer/filing/0001640334-26-000414.json
- Plain text: https://secwatch.observer/filing/0001640334-26-000414.txt

## Key facts
- Listing & Compliance Notices
  SolarMax Technology, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1519472/000164033426000414/0001640334-26-000414-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.