Matinas BioPharma receives NYSE American notice over $1.8 million stockholders' equity
Matinas BioPharma received an NYSE American notice on August 31, 2026, saying it fails the $2.0 million stockholders' equity standard because its equity was $1.8 million as of June 30, 2026. The company already had two other listing deficiencies, and the exchange has granted a plan period through October 2, 2027, after which delisting proceedings may start if it has not regained compliance.
Key points
- Stockholders' equity was $1.8 million as of June 30, 2026, below the $2.0 million minimum under NYSE American Section 1003(a)(i).
- The company is also out of compliance with Sections 1003(a)(ii) ($4.0 million) and 1003(a)(iii) ($6.0 million), as disclosed in earlier filings.
- The NYSE American accepted the company's May 4, 2026 plan and set a plan period deadline of October 2, 2027.
- Shares continue to trade as MTNB on the NYSE American during the plan period, with a .BC indicator attached.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.