SolarMax to execute 1-for-12 reverse stock split Aug. 13

Reuters2026/08/11 12:30

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SolarMax Technology will execute a 1-for-12 reverse stock split effective Aug. 13, 2026.
Shares will start trading on a split-adjusted basis on Nasdaq at the open Aug. 13 under SMXT.
Outstanding common shares expected to drop to about 4,742,215 from 56,906,572.
Move targets Nasdaq’s $1 minimum bid rule; the compliance deadline is Aug. 31, 2026.
Reverse split does not address a separate Nasdaq $35 million market value rule with a Dec. 21, 2026 deadline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SolarMax Technology Inc. published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SolarMax to execute 1-for-12 reverse stock split Aug. 13

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