SEC Comment Letter 0000000000-23-008777 to SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc.
Date: Aug. 11, 2023 · CIK: 0001519472 · Accession: 0000000000-23-008777
AI Filing Summary & Sentiment
File numbers found in text: 333-266206
Letter
United States securities and exchange commission logo August 11, 2023 David Hsu Chief Executive Officer SolarMax Technology, Inc. 3080 12th Street Riverside, CA 92507 Re:SolarMax Technology, Inc. Amendment No. 7 to Registration Statement on Form S-1 Filed August 7, 2023 File No. 333-266206 Dear David Hsu: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Amendment No. 7 to Registration Statement on Form S-1 filed on August 7, 2023 Use of Proceeds, page 65 1.Please clarify why you disclose net proceeds of the offering as $16.9 million in Use of Proceeds, but as $15,730,000 in the Capitalization section on page 66. Exhibits 2.We note your auditors consent at exhibit 23.1. Please have your auditors amend their consent to refer to the correct registration statement amendment.
FirstName LastNameDavid Hsu Comapany NameSolarMax Technology, Inc. August 11, 2023 Page 2 FirstName LastName David Hsu SolarMax Technology, Inc. August 11, 2023 Page 2 You may contact Ameen Hamady at 202-551-3891 or Jennifer Monick at 202-551- 3295 if you have questions regarding comments on the financial statements and related matters. Please contact Ronald (Ron) E. Alper at 202-551-3329 or Pam Long at 202-551-3765 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Asher Levitsky
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United States securities and exchange commission logo
August 11, 2023
David Hsu
Chief Executive Officer
SolarMax Technology, Inc.
3080 12th Street
Riverside, CA 92507
Re:SolarMax Technology, Inc.
Amendment No. 7 to Registration Statement on Form S-1
Filed August 7, 2023
File No. 333-266206
Dear David Hsu:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Amendment No. 7 to Registration Statement on Form S-1 filed on August 7, 2023
Use of Proceeds, page 65
1.Please clarify why you disclose net proceeds of the offering as $16.9 million in Use of
Proceeds, but as $15,730,000 in the Capitalization section on page 66.
Exhibits
2.We note your auditors consent at exhibit 23.1. Please have your auditors amend their
consent to refer to the correct registration statement amendment.
FirstName LastNameDavid Hsu
Comapany NameSolarMax Technology, Inc.
August 11, 2023 Page 2
FirstName LastName
David Hsu
SolarMax Technology, Inc.
August 11, 2023
Page 2
You may contact Ameen Hamady at 202-551-3891 or Jennifer Monick at 202-551-
3295 if you have questions regarding comments on the financial statements and related
matters. Please contact Ronald (Ron) E. Alper at 202-551-3329 or Pam Long at 202-551-3765
with any other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Asher Levitsky