SolarMax Technology, Inc.’s (NASDAQ:SMXT) Quiet Period Set To Expire on April 8th

SolarMax Technology’s (NASDAQ:SMXT) quiet period is set to end on Monday, April 8th. SolarMax Technology had issued 4,500,000 shares in its initial 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 any underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

SolarMax Technology Price Performance

Shares of SolarMax Technology stock opened at $11.30 on Monday. SolarMax Technology has a 52 week low of $3.50 and a 52 week 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.