$MTNBJun 26, 2026, 9:15 PMpress release
MTNB: NYSE American accepts compliance plan; deadline Oct 2, 2027 after equity shortfall
Matinas (MTNB) received an NYSE American notice on June 24 that it is not in compliance with Sections 1003(a)(ii) and (iii) of the Company Guide because stockholders’ equity was $3.02M as of March 31, 2026 and the company has reported losses in the last five fiscal years; Matinas submitted a plan on May 4 that the exchange accepted and granted a plan period through Oct. 2, 2027, with quarterly monitoring. If Matinas fails to regain compliance by the deadline or does not make progress consistent with the plan, NYSE American staff may initiate delisting proceedings, though there is no immediate impact on listing, ongoing operations, or SEC reporting.
