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Solarmax Technology Plunges 12.05% Amid Reverse Split
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Aug 6, 2025 9:27 am ET1min read
Aime SummaryOn August 6, 2025,
experienced a significant drop of 12.05% in pre-market trading, marking a notable decline in its stock performance.Solarmax Technology recently announced a 7:1 reverse stock split, effective from August 7, 2025. This move is aimed at reducing the company's outstanding ordinary shares, which could potentially impact the stock's liquidity and trading dynamics.
Additionally, the company has secured an institutional investment of up to $11 million through a convertible note offering. This financial injection is expected to support Solarmax Technology's scaling efforts and strategic initiatives, potentially influencing investor sentiment and market perception.
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