Mannatech, Incorporated announced that it has entered into loan agreement that it will issue unsecured non convertible promissory notes for a gross proceeds of $3,600,000 on April 23, 2024. The transaction will include participation from new lenders, Jade Capital, LLC for $2,500,000, individual investors, J. Stanley Fredrick for $1,000,000, and Kevin Robbins for $100,000. The promissory note will mature on September 30, 2026, and payment of interest begin from June 30, 2024 where annual interest rate of 16%.

Interest payments are payable quarterly on each March 30, June 30, September 30, and December 31 for the previous 90 days period.