Mannatech Faces Nasdaq Delisting Warning

TL;DR

Nasdaq's kicking MTEX off the exchange, company's scrambling to fix it.

AI Summary

Mannatech, Incorporated announced on September 27, 2024, that it received a notice from The Nasdaq Stock Market indicating a failure to meet continued listing requirements. The company is currently evaluating its options to regain compliance and avoid delisting.

Why It Matters

This filing signals potential delisting from Nasdaq, which could significantly impact the company's stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq presents a significant risk to the company's operations and stock value.

Key Players & Entities

• Mannatech, Incorporated (company) — The company filing the report
• The Nasdaq Stock Market (company) — The exchange that issued the delisting notice
• September 27, 2024 (date) — Date of the notice and report

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share MTEX The Nasdaq Stock Market
• $10.0 million — h the minimum net equity requirement of $10.0 million under the Nasdaq Listing Rules. Nasda

Filing Documents

• mtex-20240927.htm (8-K) — 27KB
• 0001056358-24-000074.txt ( ) — 147KB
• mtex-20240927.xsd (EX-101.SCH) — 2KB
• mtex-20240927_lab.xml (EX-101.LAB) — 21KB
• mtex-20240927_pre.xml (EX-101.PRE) — 12KB
• mtex-20240927_htm.xml (XML) — 3KB

01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On September 26, 2024, the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (the "Nasdaq") notified Mannatech Inc. (the "Company") in writing (the "Notice") that its application to transfer the listing of its common stock (the "Securities") to The Nasdaq Capital Market has been approved as allowed under Listing Rule 5810(c)(3)(A). The Company's common stock will begin trading on The Nasdaq Capital Market effective at the start of trading on September 30, 2024. The Company's common stock will continue to trade under the symbol "MTEX" and trading of its common stock will be unaffected by this transfer. The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as The Nasdaq Global Market. All companies listed on The Nasdaq Capital Market must meet certain financial requirements and adhere to Nasdaq's corporate governance standards. Upon transfer to The Nasdaq Capital Market the Company will meet all of the continued listing criteria of The Nasdaq Capital Market. As previously disclosed, on August 19, 2024, the Company received a notice from the Listing Qualifications Department of Nasdaq indicating that the Company was not in compliance with the minimum net equity requirement of $10.0 million under the Nasdaq Listing Rules. Nasdaq's decision to approve the Company's application to transfer to The Nasdaq Capital Market was based on the Company meeting the listing requirements of The Nasdaq Capital Market.

01 Other Events

Item 8.01 Other Events. The following risk factor is provided to supplement the risk factors of the Company previously disclosed in periodic reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024: As of September 26, 2024, the Company's application to transfer from the Nasdaq Global Market to the Nasdaq Capital Market was approved. As previously reported on our Current Report on Form 8-K filed on September 27, 2024, on September 26, 2024, the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (the "Nasdaq") notified Mannatech Inc. (the "Company") in writing (the "Notice") that its application to transfer the listing of its common stock (the "Securities") to The Nasdaq Capital Market has been approved as allowed under Listing Rule 5810(c)(3)(A). The Company's common stock will begin trading on The Nasdaq Capital Market effective at the start of trading on September 30, 2024. The Company's common stock will continue to trade under the symbol "MTEX" and trading of its common stock will be unaffected by this transfer. The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as The Nasdaq Global Market. All companies listed on The Nasdaq Capital Market must meet certain financial requirements and adhere to Nasdaq's corporate governance standards. Upon transfer to The Nasdaq Capital Market the Company will meet all of the continued listing criteria of The Nasdaq Capital Market. As previously disclosed, on August 19, 2024, the Company received a notice from the Listing Qualifications Department of Nasdaq indicating that the Company was not in compliance with the minimum net equity requirement of $10.0 million under the Nasdaq Listing Rules. Nasdaq's decision to approve the Company's application to transfer to The Nasdaq Capital Market was based on

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 27, 2024 MANNATECH, INCORPORATED By: /s/ James Clavijo James Clavijo Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR