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Matinas BioPharma receives NYSE American delisting notice for low equity
Stockholders' equity was $4.83M as of Dec 31, 2025, below the $6M threshold for five years of losses.
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Matinas BioPharma CFO Keith Kucinski resigns; CEO Jerome Jabbour named interim CFO
Keith Kucinski resigned as CFO effective January 17, 2026, to pursue other opportunities.
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Matinas BioPharma amends CEO Jabbour's employment agreement extending retention bonus window to June 30, 2026
Retention bonus trigger extended from Mar 31, 2026 to Jun 30, 2026; 2/3 paid upon signing definitive agreement, 1/3 at closing.
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Matinas BioPharma CFO Keith Kucinski to resign effective Jan 17, 2026
Keith Kucinski notified his resignation as CFO on Nov 18, 2025.
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Matinas BioPharma exchanges 466,666 warrants for common stock; cancels $17.50 strike warrants
Entered into Warrant Exchange Agreements on Aug 15, 2025 with certain warrant holders.
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Matinas BioPharma increases authorized common stock to 500M shares
Authorized common shares doubled from 250M to 500M effective Aug 6, 2025.
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Stockholders approve reverse split up to 1:199, authorized shares to 500M, and new equity plan
All five director nominees elected; advisory vote on executive compensation passes with 5.56M for, 0.11M against.
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Matinas BioPharma reduces quorum threshold, adds change-in-control bonuses for CEO/CFO, schedules annual meeting
Board reduced stockholder quorum from majority to one-third of voting power to facilitate meetings.
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Matinas BioPharma closes $1.65M second tranche of Series C preferred & warrant offering
Second closing on April 8, 2025 raised $1.65M from sale of 1,650 Series C Convertible Preferred shares.
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Matinas BioPharma shareholders approve issuance of up to 16.9M shares and ratify auditor
Proposal 1 passed with 88% of votes cast; authorizes up to 16,894,212 common shares upon conversion of Series C Preferred and warrants.
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Matinas BioPharma Chairman Eric Ende resigns from Board effective March 14
Eric Ende resigned as Board member and Chairman on March 14, 2025.
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Matinas BioPharma appoints Keith Murphy and Edward Neugeboren to board; two directors resign
Natasha Giordano and Matthew Wikler resigned from the Board effective Feb 11, 2025, not due to any disagreement.
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Matinas raises $3.3M via Series C preferred and warrants; appoints Dr. Robin Smith to board
Initial closing of $1.65M for 1,650 Series C shares; second $1.65M closing subject to shareholder approval by April 10, 2025.
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Matinas BioPharma director Herbert Conrad resigns due to retirement
Herbert Conrad resigned from Board of Directors effective February 6, 2025.
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Matinas BioPharma appoints Evelyn D'An as independent director and Audit Committee Chair
Evelyn D'An appointed to board effective February 5, 2025 as independent director and Audit Committee Chair.
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January 24, 2025, 6:59 PM ET
leadership
materiality 0.25
neutral
Matinas BioPharma director James Scibetta resigns from board effective Jan 21, 2025
James S. Scibetta resigned from the Board of Directors effective January 21, 2025.
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Matinas BioPharma receives NYSE American notice for failure to hold 2024 annual meeting
On January 6, 2025, Matinas received NYSE American notice for failing to hold 2024 annual meeting, violating Section 704.
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November 27, 2024, 6:59 PM ET
leadership
materiality 0.30
neutral
Director Kathryn Penkus Corzo resigns from Matinas BioPharma board effective Nov 22, 2024
Director Kathryn Penkus Corzo resigned from Board effective Nov 22, 2024, citing other professional obligations.
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Matinas BioPharma terminates MAT2203 partnership, cuts 80% workforce, ceases development, considers dissolution
Partnership negotiations for MAT2203 global rights terminated; prospective partner withdrew.
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October 24, 2024, 7:59 PM ET
leadership
materiality 0.50
negative
Matinas BioPharma CDO resigns; CMO and VP Clinical Dev to assume duties
Chief Development Officer Theresa Matkovits resigned effective October 23, 2024, to pursue another opportunity.
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Matinas BioPharma effects 1:50 reverse stock split; trading halted on NYSE American, risk of delisting
Effective Aug 30, 2024, Matinas executed a 1:50 reverse stock split and reduced authorized shares from 500M to 250M.
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Matinas BioPharma receives NYSE American trading halt due to low price; plans 1-for-50 reverse split
Trading of MTNB common stock halted by NYSE American on August 27, 2024 due to low trading price.
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Matinas BioPharma announces 1-for-50 reverse stock split effective Aug 30, 2024
Board approved 1-for-50 reverse stock split and reduction of authorized shares from 500M to 250M.
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Matinas BioPharma Q2 net loss $5.7M ($0.02/sh); signs non-binding MAT2203 term sheet
Net loss for Q2 2024 was $5.7 million ($0.02 per share), compared to $6.1 million ($0.03) in Q2 2023.
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Matinas BioPharma Q1 2024 net loss $5.8M; raises $10M in April, expects cash into Q2 2025
Q1 2024 revenue $0 vs $1.1M in Q1 2023; net loss $5.8M ($0.03 per share).
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Matinas BioPharma raises $10M in registered direct offering of common stock and warrants
Sold 33,333,334 shares and warrants at $0.30/unit; gross proceeds ~$10M.
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Matinas BioPharma updates corporate presentation; no material new information disclosed
Furnished updated corporate presentation dated March 28, 2024 under Regulation FD.
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Matinas BioPharma reports 2023 net loss $22.9M; cash runway only through Q3 2024
Revenue fell to $1.1M from $3.2M; net loss per share $0.11 vs $0.10 prior year.
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Matinas BioPharma oral LNC-docetaxel shows no toxicity in mouse study; 8x higher dose tolerated without weight loss
Total docetaxel delivered orally via LNC was >8x IV dose by Day 22; all IV mice lost avg 20% weight, LNC mice maintained weight normal.
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Matinas BioPharma regains NYSE American continued listing compliance
Received notification on March 21, 2024, resolving low selling price deficiency under Section 1003(f)(v).
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Matinas BioPharma reports complete clinical response in 3 fusarium patients with oral MAT2203
Three patients with azole-resistant invasive fusarium infection achieved complete clinical response after oral MAT2203 treatment.
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Matinas reports positive MAT2203 compassionate use data: 12 of 15 patients improved, all completers resolved.
19 patients enrolled in compassionate-use program for oral antifungal MAT2203; 15 evaluable.