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Get filing alertsRed Flags Detected
- Delisting (new) — Company received formal Nasdaq deficiency notice for failing to maintain minimum stockholders' equity requirements.
- Going Concern (new) — Company explicitly acknowledges going concern condition, indicating material doubt about continuing as operating business.
Mannatech receives Nasdaq delisting notice over $7.7M equity shortfall
Filed April 24, 2026 · Period ending April 20, 2026 · ~1 min read
Key Changes
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high
Mannatech failed to maintain required $2.5M minimum equity; reported negative $5.2M equity as of Dec 31, 2025—a $7.7M deficiency. Company has until June 4 to submit compliance plan or face delisting.
Item 3.01 verify on EDGAR → -
high
Proposed remediation includes intercompany balance restructuring, potential equity raises, and cost cuts. If Nasdaq accepts plan, company gets until Oct 17, 2026 to regain compliance—no guarantee of success.
Item 3.01 verify on EDGAR → -
high
Company acknowledges going concern risks in forward-looking statement disclosures, indicating material doubt about ability to continue operations.
Item 3.01 verify on EDGAR → -
medium
Starting April 27, Mannatech will appear on Nasdaq's public non-compliance list with indicator broadcast across market data feeds, potentially impacting liquidity and investor sentiment.
Item 3.01 verify on EDGAR →
Summary
Mannatech disclosed it received a Nasdaq deficiency notice on April 20 for failing to maintain the required $2.5 million minimum stockholders' equity. The company reported negative equity of $5.2 million as of year-end 2025, creating a $7.7 million gap from compliance.
This isn't a minor technical violation—the company also fails alternative listing standards based on market value and profitability, and explicitly acknowledges going concern risks. The company has 45 days to submit a remediation plan involving intercompany restructuring, potential equity raises, and cost cuts.
Even if Nasdaq accepts the plan, there's no guarantee of success, and failure means delisting from the exchange. Starting April 27, the company will be publicly flagged as non-compliant across Nasdaq's systems. Retail holders should monitor whether management files a compliance plan by June 4 and whether Nasdaq accepts it. The combination of negative equity, going concern warnings, and delisting risk suggests serious financial distress. Watch for any equity dilution announcements or asset sales as the company scrambles to meet the October deadline.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On April 20, 2026, Mannatech, Incorporated (the “Company”) received written notification (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b) (1) (the “Rule”), which requires listed companies on the Nasdaq Capital Market to maintain minimum stockholders’ equity of $2,500,000.
Mannatech received a deficiency notice from Nasdaq on April 20, 2026, for failing to maintain the required minimum stockholders' equity of $2,500,000. The company must submit a compliance plan by June 4, 2026, and if accepted, may receive up to 180 days to regain compliance. Failure to comply could result in delisting from the Nasdaq Capital Market.
Added in current filing · verify on EDGAR →
Pursuant to Nasdaq Listing Rule 5810(c) (2), the Company has been provided 45 calendar days from the date of the Notice, or until June 4, 2026, to submit a plan to Nasdaq to regain compliance with the Rule. If Nasdaq accepts the compliance plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until October 17, 2026, to evidence compliance with the Rule.
Mannatech has until June 4, 2026, to submit a compliance plan to Nasdaq. If the plan is accepted, the company could receive an extension until October 17, 2026, to demonstrate compliance with the minimum equity requirement.
Added in current filing · verify on EDGAR →
The compliance plan will describe the specific actions the Company intends to take to restore stockholders’ equity to at least $2,500,000, including: intercompany balance restructuring transactions previously authorized by the Board of Directors and Audit Committee; potential equity contributions or capital transactions; and operational cost reduction measures already implemented as of the date of this report.
The company plans to address the deficiency through intercompany balance restructuring, potential equity contributions or capital transactions, and operational cost reductions. However, there is no assurance that Nasdaq will accept the plan or that the company will successfully regain compliance.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify