SolarMax Technology, Inc. Announces Exercise of Overallotment Option From Initial Public Offering

RIVERSIDE, CA, March 05, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – SolarMax Technology, Inc. (“SolarMax” or the “Company”)  (Nasdaq SMXT), an integrated solar energy company, announced today that the underwriters of its recently completed initial public offering (“IPO”) of common stock have purchased 539,950 shares of common stock upon partial exercise of their option to purchase additional shares of common stock to cover over-allotments at the initial public offering price of $4.00 per share.For more information, contact:
Stephen Brown, CFO
(951) 300-0711
(GlobeNewsWire)