Nasdaq Notifies Mannatech It Has Fallen Below 10 Million Dollar Stockholders' Equity Requirement
Mannatech, Incorporated disclosed that on August 19, 2024 it received a notice from the Nasdaq Stock Market stating that it no longer met the minimum stockholders' equity requirement of 10 million dollars for continued listing on the Nasdaq Global Market. The company's stockholders' equity had fallen below that level as of June 30, 2024.
The notice had no immediate effect, and the stock continues to trade under the symbol MTEX. Mannatech has until October 3, 2024 to submit a plan to regain compliance. If Nasdaq accepts the plan, it may grant up to 180 days from the notice, or until February 15, 2025, for the company to show compliance.
Mannatech said it is evaluating alternatives and believes it is eligible to move its listing to the Nasdaq Capital Market if needed to stay listed.
More Mannatech news
Mannatech Expands to Thailand, Its First New Market in Years
Mannatech has begun a soft opening in Thailand, with an official launch planned for mid-June. It is the company's first new market in several years. The opening team is led by Roh...
Mannatech Borrows 3.6 Million Dollars From Chairman and Insiders at 16 Percent
Mannatech, Incorporated disclosed in a Form 8-K that it entered into 3.6 million dollars in unsecured promissory notes with related parties on April 23, 2024. The notes carry...
Mannatech CFO David Johnson Resigns; President Landen Fredrick to Serve as Interim CFO
Mannatech, Incorporated disclosed in a Form 8-K filed January 12, 2024 that Chief Financial Officer David A. Johnson notified the company and its board on January 8 that he would...
Mannatech Says It Has Regained Nasdaq Equity Compliance After Restructuring Swiss Subsidiary Ownership
FLOWER MOUND, Texas - October 14, 2026 Mannatech, Incorporated says it believes it has regained compliance with the Nasdaq Capital Market's minimum stockholders' equity...
Mannatech Chairman J. Stanley Fredrick to Retire; Robert Toth Named Chair
Mannatech said J. Stanley Fredrick notified the board on August 26, 2026, of his intent to retire from the board and as chairman effective September 1, 2026, for personal reasons...