SolarMax to execute 1-for-12 reverse stock split Aug. 13 - SMXT News | RalliesSolarMax to execute 1-for-12 reverse stock split Aug. 13
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SMXT• Reverse stock split to take effect Aug. 13
- SolarMax Technology will execute a 1-for-12 reverse stock split effective Aug. 13, 2026.
- Shares will start trading on a split-adjusted basis on Nasdaq at the open Aug. 13 under SMXT.
- Outstanding common shares are expected to drop to about 4,742,215 from 56,906,572.
- The move targets Nasdaq’s $1 minimum bid rule; the compliance deadline is Aug. 31, 2026.
- The reverse split does not address a separate Nasdaq $35 million market value rule with a Dec. 21, 2026 deadline.
