Mannatech Extends Maturity of 2.9 Million Dollars in Loans From Chairman and Major Shareholders
Mannatech disclosed in a regulatory filing that on September 9, 2025, it entered into agreements extending the maturity of unsecured promissory notes issued on April 23, 2024, to members of its board and shareholders. The notes originally totaled 3.6 million dollars, of which 2.9 million dollars remains outstanding after the company prepaid 0.7 million dollars on November 30, 2024.
The lenders are Chairman J. Stanley Fredrick, the company's largest shareholder; Tyler Rameson, its second-largest shareholder, who lent through his firm Jade Capital LLC; and Kevin Robbins. The extension moves the maturity date from September 30, 2026, to March 31, 2027, with all other terms unchanged.
Mannatech said the extension gives it additional time to use the funds for general working capital needs. The Flower Mound, Texas-based company reported second-quarter cash of 5.5 million dollars, down from 11.4 million dollars at the end of 2024, and a net loss of 4.3 million dollars.
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