Every 8-K that Solarmax Technology Inc. (SMXT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SMXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SMXT filings page.
SolarMax Technology, Inc. (SMXT) reported that Nasdaq notified the company on August 20, 2026 that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not filed its Form 10-Q for the quarter ended June 30, 2026. Under Nasdaq rules, SolarMax has 60 calendar days, until October 19, 2026, to submit a plan to regain compliance. If Nasdaq accepts this plan, it may grant an exception of up to 180 days from the Form 10-Q due date, potentially extending the cure period to February 16, 2027. The disclosure emphasizes that the continued listing of the company’s common stock on Nasdaq is a key risk factor.
SolarMax Technology approved a 1-for-12 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on August 13, 2026, with shares beginning to trade on a reverse split-adjusted basis that day on the Nasdaq Capital Market under the symbol SMXT.
The action reduces authorized common stock from 297,225,000 shares to 24,768,750 shares and outstanding common stock from 56,906,572 shares to approximately 4,742,215 shares, with cash paid in lieu of fractional shares. Ownership percentages remain essentially unchanged aside from fractional-share adjustments, and proportional changes apply to options and convertible notes.
The reverse split is intended to support efforts to regain compliance with Nasdaq’s $1.00 minimum bid price requirement before the August 31, 2026 compliance deadline. SolarMax also faces a separate Nasdaq deficiency for not meeting the $35 million minimum market value of listed securities requirement, with a compliance deadline of December 21, 2026, which the reverse split does not address.
SolarMax Technology, Inc. approved a one-for-12 reverse split of its common stock. The board of directors approved this action on July 26, 2026, affecting shares of common stock with a par value of $0.001 per share.
In connection with the reverse split, the authorized shares of common stock will be reduced from 297,225,000 to 24,768,750. Fractional shares resulting from the reverse split will not be issued; instead, holders will receive cash in lieu of fractional shares based on the closing price on the effective date, consistent with Nevada law when authorized shares are reduced in the same ratio as the split.
SolarMax Technology, Inc. reported that it received a Nasdaq Capital Market notice on June 22, 2026 for failing to meet the continued listing requirement that its market value of listed securities be at least $35 million. The company has 180 calendar days, until December 21, 2026, to regain compliance by maintaining a market value of listed securities of at least $35 million for a minimum of ten consecutive business days. If SolarMax does not regain compliance by that date, its securities will become subject to delisting. This new notice comes in addition to a previously announced Nasdaq notice that the company failed to maintain the required minimum bid price of $1.00 per share.
SolarMax Technology, Inc. reported that director Steve Chen resigned from its board on March 18, 2026 for reasons of health. Chen also stepped down from the board’s Corporate Governance and Nominating Committee. The company remains listed on The Nasdaq Stock Market under the symbol SMXT.
SolarMax Technology reported strong year-over-year improvement for the three months ended March 31, 2026. Revenue rose to $14.8 million, up 114% from $6.9 million a year earlier, driven largely by engineering, procurement and construction services for its first large-scale energy storage initiative.
Gross profit increased to $3.0 million, up 115% from $1.4 million, while total operating expenses rose modestly to $3.0 million from $2.6 million. The company reduced its net loss to $0.3 million, or $0.01 per share, improving from a $1.3 million loss, or $0.03 per share, in the prior-year quarter.
Management highlighted continued execution across its EPC platform and growing demand for integrated solar and storage infrastructure, and stated it remains focused on expanding its project pipeline and positioning the business for long-term growth.
SolarMax Technology reported strong growth for fiscal 2025, with revenue rising to $91.0 million from $23.0 million in 2024, driven largely by its engineering, procurement and construction (EPC) project portfolio. Gross profit increased to $4.2 million, while total operating expenses fell to $10.5 million.
The company narrowed its net loss to $6.3 million, or $0.13 per share, a significant improvement from a $35.0 million loss, or $0.79 per share, in 2024. EPC services under a key contract generated $60.2 million, or 66% of 2025 revenue, and management highlighted three large BESS contracts in Texas and Puerto Rico representing more than $500 million in expected revenue.
SolarMax Technology, Inc. disclosed that it received a notice from Nasdaq on March 3, 2026 stating it no longer meets the continued listing requirement to maintain a minimum bid price of $1 per share under Rule 5550(a)(2). The company has 180 calendar days, until August 31, 2026, to regain compliance by achieving a closing bid of at least $1 for ten consecutive business days. If it fails to do so, SolarMax may seek an additional compliance period by meeting other Nasdaq Capital Market initial listing standards and potentially effecting a reverse stock split. If compliance is still not regained, Nasdaq may move to delist the company’s securities, and a Staff Delisting Determination may also be issued if the closing bid price is $0.10 or less for ten consecutive trading days.
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.
SolarMax Technology, Inc. filed a Form 8-K to report that it issued a press release announcing its financial results for the quarter ended September 30, 2025.
The company furnished this press release as Exhibit 99.1 under Item 2.02, noting that the information is considered furnished rather than filed under the Exchange Act and is not automatically incorporated by reference into other securities filings.
SolarMax Technology, Inc. (SMXT) reported unregistered sales of equity securities. In June and July 2025, the company approved and issued an aggregate 5,712,402 shares of common stock to five investors at $0.74–$0.83 per share, which the company states represented 75% of the market price on each investment date. Total proceeds were $4,380,000 and are being used for working capital.
The company noted that July 31, 2025 is when the number of shares approved exceeded 5% of its outstanding shares. No broker participated. The transactions were conducted as private placements and the company cites an exemption from registration under Section 4(a)(2) of the Securities Act.
SolarMax Technology, Inc. reported that on September 26, 2025, Dr. Wen-Ching (Stephen) Yang notified its board of directors that he will not stand for re-election as a director. Dr. Yang currently serves as chair of the audit committee and as a member of the nominating and corporate governance committee.
The company stated that Dr. Yang’s decision was not due to any disagreement with SolarMax on its operations, policies, or practices, indicating a voluntary transition rather than a dispute-driven departure.
SolarMax Technology, Inc. reported that board member Jinxi Lin has informed the board of directors that he will not stand for re-election. Lin currently serves on the board’s compensation committee, so the company will eventually need to adjust its committee composition or fill his seat. The company stated that his decision did not result from any disagreement with SolarMax on its operations, policies, or practices, indicating an orderly, non-contentious transition at the board level.
SolarMax Technology, Inc. reported that on August 14, 2025 it issued a press release announcing its financial results for the quarter ended June 30, 2025. The company furnished this press release as Exhibit 99.1 to a Form 8-K, meaning the detailed numbers and performance information are contained in that exhibit rather than in the body of the report.
The Form 8-K clarifies that the financial information in Item 2.02 and Exhibit 99.1 is being furnished, not filed, under the Securities Exchange Act of 1934, which affects how it is treated for certain legal liability purposes. The report is signed on behalf of SolarMax by Chief Executive Officer David Hsu.