SolarMax Technology, Inc. 8-K

What Happened SolarMax Technology, Inc. (SMXT) filed an 8-K reporting it entered into an amendment to the lease for its facilities at 3080 12th Street, Riverside, California. The amendment, dated January 26, 2026 and disclosed on February 3, 2026, extends the lease expiration from December 31, 2026 to December 31, 2033 and sets a schedule of increasing annual base rent through 2033.

Key Details

• Lease extension: expiration moved from December 31, 2026 to December 31, 2033.
• Annual base rent: $1,855,566 for 2026 (as extended), rising each year to $2,282,112 for 2033.
• Operating costs: Company continues to pay certain operating expenses in the same manner as under the prior lease.
• Build-out costs & releases: Amendment allocates certain construction expenses between landlord and Company and provides for mutual releases.

Why It Matters The amendment secures SolarMax’s Riverside facility through the end of 2033, providing operational stability for its manufacturing/operations at that location. The scheduled rent increases and the Company’s continued responsibility for operating expenses will raise future cash outflows for occupancy costs, which investors should consider when assessing near- and medium-term operating expenses and cash requirements. The filing includes the lease amendment as Exhibit 99.1 for full terms.