Correspondence 0001640334-23-001678 from SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc.
Date: Sept. 8, 2023 · CIK: 0001519472 · Accession: 0001640334-23-001678
AI Filing Summary & Sentiment
File numbers found in text: 333-266206
Referenced dates: August 11, 2023
Letter
solarmax_corresp.htm
SolarMax Technology, Inc.
1080 12th Street
Riverside, California 92507
September 8, 2023
Division of Corporation Finance
Office of Real Estate & Construction
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, D.C., 20549
Attn: Ronald (Ron) Alper
Re:
SolarMax Technology, Inc.
Amendment No. 7 to Registration Statement on Form S-1
Filed August 7, 2023
File No. 333-266206
Ladies and Gentlemen:
This letter is in response to the letter dated August 11, 2023, from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) addressed to SolarMax Technology, Inc. (the “Company”). For ease of reference, we have recited the Commission’s comments in this response. Amendment No. 8 (the “Amendment”) is being filed contemporaneously with this letter.
Amendment No. 5 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.
Response: The Use of Proceeds section has been revised in the Amendment to show the net proceeds at $15,730,000.
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
Response: The auditor’s consent refers to Amendment No. 8
If you have any questions, please do not hesitate to call our counsel, Asher S. Levitsky PC of Ellenoff Grossman & Schole LLP at (917) 930-0991.
Very truly yours
/s/ David Hsu
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CORRESP 1 filename1.htm solarmax_corresp.htm SolarMax Technology, Inc. 1080 12th Street Riverside, California 92507 September 8, 2023 Division of Corporation Finance Office of Real Estate & Construction U.S. Securities and Exchange Commission 100 F Street, NE Washington, D.C., 20549 Attn: Ronald (Ron) Alper Re: SolarMax Technology, Inc. Amendment No. 7 to Registration Statement on Form S-1 Filed August 7, 2023 File No. 333-266206 Ladies and Gentlemen: This letter is in response to the letter dated August 11, 2023, from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) addressed to SolarMax Technology, Inc. (the “Company”). For ease of reference, we have recited the Commission’s comments in this response. Amendment No. 8 (the “Amendment”) is being filed contemporaneously with this letter. Amendment No. 5 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. Response: The Use of Proceeds section has been revised in the Amendment to show the net proceeds at $15,730,000. 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 Response: The auditor’s consent refers to Amendment No. 8 If you have any questions, please do not hesitate to call our counsel, Asher S. Levitsky PC of Ellenoff Grossman & Schole LLP at (917) 930-0991. Very truly yours /s/ David Hsu David Hsu, Chief Executive Officer cc: Asher S. Levitsky PC