Solarmax Technology To Effect 1-For-12 Reverse Stock Split, Effective August 13
SolarMax Technology, Inc. (Nasdaq SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today announced that it will effect a 1-for-12 reverse stock split (the "Reverse Stock
Solarmax is combining 12 old shares into 1 new share on August 13—so if you owned 12 shares, you'll now have 1. This is a tool companies use when their stock price gets very low, and it's worth watching to see if the company's business is actually improving.
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