SolarMax Technology, Inc.’s Quiet Period Set To End Tomorrow (NASDAQ:SMXT)

SolarMax Technology’s (NASDAQ:SMXT) quiet period will end on Monday, April 8th. SolarMax Technology had issued 4,500,000 shares in its public offering on February 27th. The total size of the offering was $18,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

SolarMax Technology Stock Performance

Shares of SMXT opened at $11.30 on Friday. SolarMax Technology has a one year low of $3.50 and a one year high of $13.86.

About SolarMax Technology

SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; financing the sale of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.