DelistingJun 30, 2026, 05:06 PM
SolarMax Technology Receives Nasdaq Delisting Notice for Market Value
AI Summary
SolarMax Technology, Inc. announced it received a notice from The Nasdaq Stock Market on June 22, 2026, indicating non-compliance with the Nasdaq Capital Market's continued listing requirement. The company failed to maintain a minimum market value of listed securities of $35 million, as per Rule 5550(b)(2). SolarMax Technology has a 180-calendar-day compliance period, which expires on December 21, 2026, to regain compliance. This notice follows a previously announced non-compliance regarding the minimum bid price of $1.00 per share.
Key Highlights
- SolarMax Technology received a Nasdaq notice on June 22, 2026, for non-compliance.
- Violated Nasdaq Capital Market Rule 5550(b)(2) for minimum market value of listed securities.
- Required minimum market value is $35 million.
- Company has 180 calendar days to regain compliance, expiring December 21, 2026.
- To regain compliance, market value must be at least $35 million for 10 consecutive business days.
- This is in addition to a previous notice for failing to maintain a minimum bid price of $1.00 per share.
Price Impact
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