Mannatech Receives Nasdaq Non-Compliance Notice Due to Stockholders’ Equity Deficiency

Key Points from the Report

• Date of Event: April 20, 2026
• Company: Mannatech, Incorporated (Nasdaq: MTEX)
• Issue: Received a written notification from Nasdaq regarding non-compliance with the minimum stockholders’ equity requirement.
• Nasdaq Rule Involved: Listing Rule 5550(b)(1) – requires a minimum stockholders’ equity of \$2,500,000 for continued listing on the Nasdaq Capital Market.
• Reported Equity: As of December 31, 2025, Mannatech reported stockholders’ equity (deficit) of (\$5,223,000), a shortfall of approximately \$7.7 million below the required threshold.
• Alternative Standards Not Met: The company also does not meet alternative continued listing standards based on market value of listed securities (at least \$35,000,000) or net income from continuing operations (\$500,000 in most recent fiscal year or in two of the last three fiscal years).
• Compliance Timeline: Mannatech has 45 calendar days (until June 4, 2026) to submit a compliance plan to Nasdaq. If accepted, the company may receive up to 180 days (until October 17, 2026) to regain compliance.
• Remediation Plans: The company intends to submit a plan including intercompany balance restructuring, potential equity contributions, capital transactions, and operational cost reductions.
• Potential Outcomes: If the compliance plan is not accepted, Mannatech can appeal to a Nasdaq Hearings Panel, during which time the shares remain listed, subject to the panel’s determination.
• Public Disclosure: Beginning April 27, 2026, Mannatech will be included on Nasdaq’s public non-compliance list and a non-compliance indicator will be broadcast over Nasdaq’s market data network.

Details and Analysis

On April 20, 2026, Mannatech, Incorporated received a formal written notification from the Nasdaq Stock Market LLC’s Listing Qualifications Department, alerting the company that it is not in compliance with Nasdaq Listing Rule 5550(b)(1). This rule mandates that companies listed on the Nasdaq Capital Market maintain a minimum stockholders’ equity of \$2.5 million.

According to its latest Annual Report on Form 10-K (for the year ended December 31, 2025), Mannatech reported a negative stockholders’ equity of (\$5,223,000). This represents a significant shortfall of approximately \$7.7 million compared to the Nasdaq’s minimum requirement. The company also does not meet alternative continued listing standards, which are either a market value of listed securities of at least \$35 million or net income from continuing operations of \$500,000 in the most recent fiscal year or in two of the last three fiscal years.

The Nasdaq notice does not trigger an immediate delisting of Mannatech’s common stock. However, the company has been given 45 calendar days (until June 4, 2026) to submit a detailed plan to Nasdaq outlining how it intends to regain compliance with the equity requirement. If Nasdaq accepts Mannatech’s proposed remediation plan, the company could be granted up to 180 calendar days from the date of the original notice (i.e., until October 17, 2026) to meet the listing standard.

Mannatech has stated its intention to submit a timely compliance plan. The plan will likely include:

• Intercompany balance restructuring transactions already authorized by the Board and Audit Committee
• Potential new equity contributions or capital transactions
• Operational cost reduction measures that have already been implemented

Despite these intentions, there is no guarantee that Nasdaq will accept the plan, that an extension will be granted, or that Mannatech will be able to restore its stockholders’ equity to the required level within the allowed timeframe. If the compliance plan is rejected, Mannatech can appeal the decision to a Nasdaq Hearings Panel; during this appeal, Mannatech’s shares would remain listed, subject to the panel’s decision.

Effective April 27, 2026, Mannatech will be listed as a non-compliant company on Nasdaq’s website, and its non-compliance status will be flagged across Nasdaq’s market data dissemination network. This public disclosure may negatively impact investor sentiment and the company’s share price.

Implications for Shareholders

• This notice and public non-compliance status are material events that could significantly impact Mannatech’s share price and investor confidence.
• The risk of potential delisting from the Nasdaq Capital Market could reduce the liquidity of Mannatech shares and may trigger additional consequences under certain financing or contractual arrangements.
• The company’s ability to regain compliance depends on successful implementation of cost cuts, equity infusions, and/or other restructuring actions, none of which are guaranteed.
• Shareholders should monitor future disclosures closely for updates on the compliance plan, Nasdaq’s response, or any appeals process.

Cautionary Note on Forward-Looking Statements

This article contains forward-looking statements regarding Mannatech’s intentions and ability to regain Nasdaq compliance. Actual results may differ materially due to various factors including the company’s ability to execute its corporate restructuring, raise additional capital, or achieve sufficient earnings improvements. Other risks include global economic conditions affecting Mannatech’s direct-selling business and those described in its SEC filings.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. The information herein is based on public filings as of April 24, 2026, and may not reflect subsequent developments.

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