SolarMax Technology receives Nasdaq notice of minimum market value deficiency
SolarMax Technology received notice on June 22, 2026 from Nasdaq that it failed to meet the Nasdaq Capital Market continued listing requirement of maintaining a minimum market value of listed securities of $35 million. The company has a 180-calendar-day compliance period expiring December 21, 2026 to regain compliance by achieving a market value of at least $35 million for a minimum of ten consecutive business days. This notice is in addition to a previously announced failure to maintain a minimum bid price of $1.00 per share.
Key facts
- Notice received June 22, 2026 from Nasdaq Stock Market
- Minimum market value requirement: $35 million under Nasdaq Capital Market Rule 5550(b)(2)
- Compliance period: 180 calendar days, expiring December 21, 2026
- Must achieve $35 million market value for minimum of ten consecutive business days
- Previously announced minimum bid price violation of $1.00 per share also outstanding
Why it matters
SolarMax has six months to restore its market capitalization above $35 million or face delisting from Nasdaq; failure to comply by the December 21 deadline will result in a formal delisting notification.
Share
Derived from 8-K filed 2026-06-30. Not investment advice. View the source filing on SEC.gov →