SolarMax Technology, Inc.

SolarMax Technology, Inc. (SMXT) priced its initial public offering on Feb 28, 2024 at $4.00 per share, raising $18M, and listed on Nasdaq. At the IPO price its market capitalization was about $178M. Ellenoff Grossman & Schole advised the company and K&L Gates advised the underwriters.

SolarMax Technology, Inc. is an integrated solar energy company that sells and installs photovoltaic systems for residential and commercial customers in the United States. It also provides LED lighting sales and retrofits, and has solar project, engineering and construction activities in China.

Status

IPO

Ticker

SMXT

Exchange

Nasdaq

Priced

Feb 28, 2024

IPO price

$4.00

Raised

$18M

Market cap at IPO price

$178M

First filed

Dec 24, 2018

Company counsel

Ellenoff Grossman & Schole

Underwriters' counsel

K&L Gates

Sector

Other

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.