regulatory
confidence high
sentiment negative
materiality 0.75
Mannatech receives Nasdaq delisting notice for equity below $10M minimum
MANNATECH INC
- Stockholders' equity was $8.199M as of June 30, 2024 vs. $10M Nasdaq Global Market minimum.
- Company has until Oct. 3, 2024 to submit a compliance plan; Nasdaq may extend to Feb. 15, 2025.
- If plan rejected, Mannatech can appeal or seek transfer to Nasdaq Capital Market.
- Risk factor supplement filed: delisting could impair equity sales and liquidity.