SolarMax Technology (NASDAQ: SMXT) extends Riverside headquarters lease and raises rent through 2033

Rhea-AI Filing Summary

SolarMax Technology, Inc. entered into an amendment to the lease for its headquarters facilities at 3080 12th Street in Riverside, California. The amendment extends the lease expiration from December 31, 2026 to December 31, 2033.

The annual base rent during the extended term is $1,855,566 for 2026 and increases each year until it reaches $2,282,112 for 2033. SolarMax will continue to pay certain operating expenses as under the prior lease. The amendment also allocates certain construction costs between the landlord and the company and includes mutual releases between the parties.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 3, 2026 (January 28, 2026)

SolarMax Technology, Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-41959		26-2028786
(State or other jurisdiction of incorporation or organization)		(Commission file number)		(IRS Employer Identification No.)

3080 12th Street

Riverside, California 92507

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (951) 300-0788

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		SMXT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement

On January 28, 2026, SolarMax Technology, Inc. (the “Company”), entered into an amendment to the lease for its facilities at 3080 12th Street, Riverside, California.  The amendment extends the expiration date of the lease from December 31, 2026 to December 31, 2033.  The annual base rent during the term, as extended is $1,855,566 for 2026 and it increases annually until $2,282,112 for 2033.  The Company also pays certain operating expenses in the same manner as with the prior lease.  The amendment provides for certain construction expenses, a portion of which are payable by the landlord and a portion of which are payable by the Company.  The extension also provides for mutual releases.

The foregoing description of the lease amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the lease amendment, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1*		Amendment to Lease Agreement dated as of January 26, 2026
14		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Certain confidential information has been deleted from this exhibit.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SolarMax Technology, Inc.
Dated: February 3, 2026	By:	/s/ David Hsu
		David Hsu
		Chief Executive Officer

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FAQ

What key agreement did SolarMax Technology (SMXT) disclose in this 8-K filing?

SolarMax Technology disclosed an amendment to its lease for facilities at 3080 12th Street, Riverside, California. The amendment primarily extends the lease term, updates annual base rent amounts, allocates certain construction expenses, and includes mutual releases between the company and the landlord.

How long is SolarMax Technology’s headquarters lease now extended under the amendment?

The lease expiration date is extended from December 31, 2026 to December 31, 2033. This seven-year extension provides long-term control over the company’s existing facilities at 3080 12th Street in Riverside, California, under updated rent and cost-sharing terms.

What are the annual base rent amounts for SolarMax Technology’s lease after the amendment?

Under the amendment, annual base rent is $1,855,566 for 2026 and increases each year until it reaches $2,282,112 for 2033. These figures apply to the extended lease term for the company’s Riverside, California facilities.

Does SolarMax Technology continue to pay operating expenses under the amended lease?

Yes. SolarMax Technology continues to pay certain operating expenses under the amended lease in the same manner as under the prior lease. This maintains the existing structure for operating cost responsibilities alongside the updated base rent schedule.

How are construction expenses handled in SolarMax Technology’s amended lease agreement?

The amended lease provides for certain construction expenses, with a portion payable by the landlord and a portion payable by SolarMax Technology. This shared-cost arrangement applies to specified construction work tied to the extended lease term at the Riverside facilities.

What legal provisions are included in the SolarMax Technology lease amendment?

The lease extension includes mutual releases between SolarMax Technology and the landlord. These mutual releases address claims between the parties in connection with the lease relationship, as reflected in the amendment incorporated by reference as Exhibit 99.1.

Where can investors find the full details of SolarMax Technology’s lease amendment?

Full details are contained in the lease amendment filed as Exhibit 99.1 to the report. The company notes the description is qualified in its entirety by reference to this exhibit, although certain confidential information has been deleted from the publicly filed document.