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SolarMax Technology Priced, Nasdaq: SMXT

Sells solar energy equipment and LED light systems in the US and solar services China.

Industry: Utilities

Latest Trade: $13.07 0.00 (0.0%)

First Day Return: +100.0%

Return from IPO: +226.8%

Industry: Utilities

We are an integrated solar energy company. Through our subsidiaries, we are primarily engaged in the following business activities: Identifying and procuring solar farm system projects for resale to third party developers and related services in the People’s Republic of China, which we refer to as China or the PRC; Providing engineering, procuring and construction services, which are referred to in the industry as EPC services, for solar farms and residential and commercial photovoltaic systems in China although we have not performed any significant residential or commercial services in China; operating and maintaining solar farm projects in China following the completion of our EPC work on the projects, although we are not currently performing such services; selling and installing integrated photovoltaic systems for residential and commercial customers in the United States; providing exterior and interior light-emitting diodes, known as LED, lighting sales and retrofitting services for governmental and commercial applications; providing secured loans to purchasers of our photovoltaic systems and servicing installment sales by our customers in the United States; owning and funding renewable energy projects in the United States based on leases entered into prior to 2015, and generating revenue from this business through operating leases and power purchase agreements primarily with commercial users; and, selling and installing backup battery systems for residential and commercial customers in the United States.
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IPO Data
IPO File Date 07/19/2022
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 4.5
Deal Size ($mm) $18
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/27/2024
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 4.5
Deal Size ($mm) $18
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Kingswood Capital Markets
Company Data
Headquarters Riverside, CA, United States
Founded 2008
Employees 130
Website www.solarmaxtech.com

SolarMax Technology (SMXT) Performance