• Sun. Apr 14th, 2024

SolarMax Technology Inc. Raises $20 Million in IPO Successfully

BySamantha Johnson

Mar 6, 2024
SolarMax Technology Partially Exercises Over-Allotment Option after Successful IPO

Recently, SolarMax Technology, Inc., a firm that specializes in integrated solar energy, announced that its initial public offering (IPO) of common stock has been successful. The underwriters of the IPO have exercised their option to purchase additional shares, with 539,950 shares sold at $4.00 per share. As a result, the IPO has raised approximately $20 million in total gross proceeds before deducting underwriting fees, commissions, and offering expenses.

Kingswood Capital Partners acted as the sole bookrunner for the offering and conducted it under a registration statement on Form S-1 (File No. 333-266206). This registration statement was declared effective by the U.S. Securities and Exchange Commission (SEC) on February 12th, 2024. To obtain copies of the final prospectus, investors can visit the SEC’s website or reach out to Kingswood via email or standard mail.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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