Material Event Form 8 K

Item 8.01 Other Events.

As previously reported, on October 22, 2024, SolarMax Technology, Inc. (the "Company") received a notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") that the Company did not meet the Nasdaq Global Market continued listing requirement Rule 5450(b)(2)(A) that the Company maintain a minimum market value of listed securities of $50,000,000.

On December 10, 2024, the Company received a letter from the Staff notifying the Company that the Staff had determined that for ten consecutive business days, from November 25, 2024 to December 9, 2024, the Company's market value of listed securities has been $50,000,000 or greater, and, accordingly, the Company has regained compliance with Listing Rule 5450(b)(2)(A) and the matter is now closed. There can be no assurance, however, that the Company will be able to maintain compliance with Listing Rule 5450(b)(2)(A) in the future.