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Maris-Tech receives NASDAQ non-compliance notice for equity shortfall

May 22, 2026 4:11 PM

Maris-Tech Ltd. (NASDAQ: MTEK, MTEKW) received notification from NASDAQ that it no longer meets the minimum stockholders' equity requirement for continued listing on the NASDAQ Capital Market. The company reported stockholders' equity of approximately $601,583 as of December 31, 2025, falling short of the required $2.5 million minimum under listing Rule 5550(b)(1).

The notification was received from NASDAQ's Listing Qualifications staff and referenced the company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on May 15, 2026. NASDAQ rules provide the company with 45 calendar days, until July 6, 2026, to submit a compliance plan.

If NASDAQ accepts the compliance plan, the exchange may grant an extension of up to 180 calendar days from the notification date to demonstrate compliance. The company's ordinary shares and warrants continue trading on NASDAQ under symbols "MTEK" and "MTEKW" during the grace period.

Maris-Tech stated it intends to submit a compliance plan to NASDAQ. The company indicated that proceeds from its Sales Agreement with A.G.P./Alliance Global Partners and a registered direct offering completed in March 2026 may assist in regaining compliance with the stockholders' equity requirement.

The company acknowledged that no assurance exists that NASDAQ will accept its compliance plan or that it will ultimately regain compliance with the listing requirements. Maris-Tech develops AI-powered video intelligence technology for defense and security applications.

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