©Reuters. SolarMax Technology (SMXT) prices 4.5 million share IPO at $4 per share
SolarMax Technology, Inc. (Nasdaq SMXT) today announced pricing for gross proceeds of its initial public offering of common stock. $18 million, before deducting any underwriting discounts, commissions and offering expenses paid by us.The initial public offering will consist of 4,500,000 shares of common stock, with an offering price of $4.00 per share. In addition, solar max 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 the over-allotment.
The shares are expected to begin trading on the Nasdaq Global Market. February 27, 2024 It is located under the ticker symbol “SMXT”. The closing of the initial public offering is expected to occur on or about the same day. February 29, 2024subject to customary closing conditions being satisfied or waived.
A division of Kingswood Kingswood Capital Partners LLC (“Kingswood”) is acting as the sole bookrunner for this offering.
A registration statement on Form S-1 (File No. 333-266206) relating to this offering is U.S. Securities and Exchange Commission (“''SEC“) was declared effective. February 12, 2024. You can access a copy of your registration statement by: S.E.C. website of www.sec.gov. This offering will be made only by means of a prospectus. A copy of the final prospectus relating to the offering, if available, may be obtained from: S.E.C. Website and email transmissions from Kingswood lciervo@kingswoodus.com Or call 561-961-0505 or send by standard mail at: Kingswood Capital Partners LLC, 7280 W Palmetto Park Roadsuite 301, Boca Raton, Florida 33433.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and does not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities. No securities will be sold. the laws of such jurisdiction.
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