SolarWindow Update on Market Transaction Restrictions in the Company’s Stock Pending Filing of Forms 10-K and 10-Q
Scottsdale, Arizona; – March 22, 2023 – Today SolarWindow Technologies, Inc. (symbol: WNDW; www.solarwindow.com) (the “Company”) issued the following statement to its stockholders about the warning posted by the OTC Markets regarding purchase and sale transactions in the Company’s Stock, which the Company believes is based on its inability to timely file its Form 10-K and Form 10-Q. The Company believes this is a direct result of the failure of the South Korean management, led by Mr. John Rhee, the Representative Director (“Rhee”) of the Company’s indirect, wholly owned subsidiary, SolarWindow Asia Co. Ltd. (the “Korean Subsidiary”), to provide the financial, banking and transactional documents (collectively, the “Required Information”) required by the Company’s auditors in order to complete the audit for the August 31, 2022 fiscal year (the “Annual Audit”).