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confidence high
sentiment neutral
materiality 0.50
SolarMax Technology announces 1-for-12 reverse stock split and authorized share reduction
SolarMax Technology, Inc.
- Board approved a 1-for-12 reverse split of common stock on July 26, 2026.
- Authorized shares reduced from 297,225,000 to 24,768,750 in same ratio.
- Cash paid for fractional shares based on closing price on effective date.
- No stockholder approval required under Nevada law for the reverse split.