Research Reports

Key takeaways

Nasdaq notified Mannatech of non-compliance with Listing Rule 5550(b)(1) due to stockholders' equity of ($5,223,000) as of Dec 31, 2025.

The company has 45 days to submit a compliance plan; if accepted, an extension until Oct 17, 2026 may be granted.

Failure to regain compliance could lead to delisting, though an appeal process is available.

Nasdaq will list the company as non-compliant on its website starting April 27, 2026.

The company intends to submit a plan including intercompany restructuring, equity contributions, and cost reductions.

There is no assurance that Nasdaq will accept the plan or that compliance will be achieved.

Full analysis

Mannatech received a Nasdaq delisting notice on April 20, 2026, due to non-compliance with the minimum stockholders' equity requirement of $2.5 million. As of December 31, 2025, the company reported a stockholders' deficit of ($5,223,000), resulting in a deficiency of approximately $7.7 million. The company also fails to meet alternative listing standards based on market value of listed securities or net income. The notice does not trigger immediate delisting; Mannatech has 45 days to submit a compliance plan. If accepted, Nasdaq may grant an extension until October 17, 2026. The company plans to propose intercompany restructuring, equity contributions, and cost reductions. However, there is no guarantee of acceptance or eventual compliance. If the plan is rejected, Mannatech can appeal to a Nasdaq Hearings Panel, during which its stock would remain listed. Nasdaq will publicly flag the non-compliance starting April 27, 2026. This event signals significant financial distress and potential listing risk for investors.

MTEX · Mannatech, Incorporated

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