$MTEKJun 11, 2026, 9:20 PMAI processed
Maris‑Tech says Nasdaq now finds it meets $2.5M minimum stockholders' equity requirement
AI Summary
Maris‑Tech (MTEK, MTEKW) announced Nasdaq's Listing Qualifications staff has determined the company currently complies with the Nasdaq Capital Market minimum stockholders' equity requirement ($2.5M) based on the Form 6‑K filed June 10, 2026, after a May 22 non‑compliance notice. Nasdaq will continue to monitor the company and warned that if the interim financials for the six months ended June 30, 2026 do not show compliance, the company's securities could be subject to delisting proceedings.
Positives
- Nasdaq determined the company currently meets Listing Rule 5550(b)(1) minimum $2.5M stockholders' equity requirement
- Company furnished Form 6‑K (June 10, 2026) that Nasdaq relied on to find current compliance
- Avoids immediate delisting following the May 22 non‑compliance notice
Negatives
- Nasdaq will continue monitoring and could start delisting proceedings if interim statements for period ending June 30, 2026 show non‑compliance
- Company received a non‑compliance notice from Nasdaq on May 22, 2026
- Company notes limited revenue and history of losses, which could affect future compliance