Announcement • Apr 01
SolarMax Technology, Inc. announced delayed annual 10-K filing On 03/31/2026, SolarMax Technology, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 11
SolarMax Technology, Inc. Receives Notice From The Nasdaq Stock Market Regarding Non-Compliance With Minimum Bid Price Requirement On 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 within such 180 day period, the Company may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears to Nasdaq staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company's securities will be subject to delisting. If the Company chooses to implement a reverse stock split to increase the bid price of its common stock, which the Company may consider, it must complete the split no later than ten business days prior to the expiration of the applicable compliance period. In the event the Company does not regain compliance with the rule prior to the expiration of the applicable compliance period, it will receive written notification that its securities are subject to delisting. The Nasdaq rules also provide that if during any compliance period a company's security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security. New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$12m). Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (US$52.6m market cap). 
