By Devika Patel
Knoxville, Tenn., July 19 – SolarMax Technology, Inc. priced its $30 million initial public offering of stock with a $4.5 million greenshoe, according to a Form S-1 filed with the Securities and Exchange Commission.
The company will sell 7.5 million common shares at $4.00 per share on a firm commitment basis.
Viewtrade Securities, Inc. is the underwriter.
Proceeds will be used for working capital and other corporate purposes.
The solar energy company is based in Riverside, Calif. It expects its shares to trade on the Nasdaq under the symbol “SMXT.”
| Issuer: | SolarMax Technology, Inc.
|
| Issue: | Common stock
|
| Amount: | $30 million
|
| Greenshoe: | $4.5 million, or 1,125,000 shares
|
| Shares: | 7.5 million
|
| Price: | $4.00
|
| Warrants: | No
|
| Underwriter: | Viewtrade Securities, Inc.
|
| Pricing date: | July 19
|
| Stock symbol: | Nasdaq: SMXT
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
