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SAN FRANCISCO - Marin Software Incorporated (NASDAQ: MRIN), currently trading at $1.31 with a market capitalization of $4.19 million, announced it will be delisted from the Nasdaq Stock Market after failing to provide a definitive plan to comply with listing requirements. According to InvestingPro analysis, the company maintains a current ratio of 3.08, indicating strong short-term liquidity despite its challenges.
According to a notice received on June 17, Nasdaq has denied the company’s request for continued listing and will suspend trading of Marin’s common stock on June 26. The delisting follows the company’s failure to timely file its annual report for the fiscal year ended December 31, 2024, and its quarterly report for the period ended March 31, 2025. Despite these challenges, InvestingPro data shows the stock has seen a significant 58.59% return over the last week, though it remains down 28% over the past six months.
Marin Software, which provides digital marketing software for advertisers and agencies, does not plan to appeal the decision. The company also stated it will not seek listing on OTC Markets due to associated costs and in light of other ongoing corporate developments. With annual revenue of $16.71 million and an EBITDA of -$9.21 million in the last twelve months, the company faces significant financial challenges. Get deeper insights into Marin’s financial health and access exclusive analysis through InvestingPro’s comprehensive research reports.
The announcement comes as Marin explores a potential transaction with a private equity firm that would involve the acquisition of substantially all company assets. Alternatively, the company may proceed with a voluntary dissolution and liquidation plan that was previously approved by stockholders.
The Form 25-NSE filing with the SEC will officially remove Marin’s securities from Nasdaq listing and registration. The company disclosed these developments in a Current Report on Form 8-K filed with the SEC, based on a press release statement.
In other recent news, Marin Software has announced a series of significant developments. The company received a delisting notice from Nasdaq due to its failure to file its annual report for 2024 and its quarterly report for the first quarter of 2025. As a result, trading of Marin Software’s common stock is set to be suspended, and the company does not plan to appeal this decision. Marin Software is also considering a potential transaction with a private equity firm to acquire its assets, or alternatively, proceeding with a voluntary dissolution and liquidation plan that has already been approved by its board. The dissolution plan, pending stockholder approval, would involve ceasing operations, delisting shares, and potentially selling off assets, with any net proceeds distributed to stockholders. Marin Software has scheduled a special stockholders’ meeting to seek approval for this plan, and proxy materials will be filed with the SEC. The company has acknowledged uncertainties regarding the execution of asset sales and shareholder distributions. These developments highlight Marin Software’s strategic shift as it navigates compliance challenges and explores future options.
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