Solarmax technology, inc. announces closing of initial public offering

Riverside, ca, feb. 29, 2024 (globe newswire) -- via newmediawire – solarmax technology, inc. (“solarmax” or the “company”) (nasdaq: smxt), an integrated solar energy company, today announced the closing of its initial public offering of 4,500,000 shares of common stock at an initial public offering price of $4.00 per share.  gross proceeds were $18 million, prior to deducting the underwriting discounts, commissions and offering expenses payable by the company.  in addition, solarmax has granted the underwriters a 45-day option to purchase an additional 675,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments.  the common stock began trading on the nasdaq global market on february 27, 2024 under the symbol smxt.
SMXT Ratings Summary
SMXT Quant Ranking