Maris Tech Ltd.
For the period ended Jun 30, 2026. Filed Sep 2, 2026.
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Jun 30, 2026 · Filed Sep 2, 2026
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EX-99.2 · Recent Developments
Recent Developments
During the six months ended June 30, 2026, we continued to expand our product portfolio through the development and launch of several new solutions, including Peridot Night Micro, a compact AI-enabled day vision and thermal imaging solution; Venus-Space, a radiation-tolerant video and AI edge computing solution designed for satellite and other space applications; and Mars-RF-HD, an ultra-low size, weight and power drone video payload designed for unmanned aerial systems.
In May 2026, we received a written notification from the Listing Qualifications staff of The Nasdaq Stock Market LLC, or Nasdaq, notifying us that we are no longer in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market under listing Rule 5550(b)(1), due to our failure to maintain a minimum of $2,500,000 in stockholders’ equity. In our Annual Report, we reported stockholders' equity of approximately $601,583 as of December 31, 2025. As previously disclosed in our Report of Foreign Private Issuer on Form 6-K furnished to the SEC on June 10, 2026, we completed certain transactions that increased our stockholders' equity above the minimum required under Nasdaq Listing Rule 5550(b)(1). On June 11, 2026, we received a letter from the Listing Qualifications staff of Nasdaq notifying us that Nasdaq had determined that we currently comply with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1). Nasdaq stated that it will continue to monitor our ongoing compliance with the minimum stockholders’ equity requirement and that, if at the time of the filing of our interim financial statements for the six-month period ended June 30, 2026, we do not evidence compliance with such requirement, our securities may be subject to delisting proceedings. As of June 30, 2026, we had stockholders' equity of approximately $3,183,287 and believe we are in compliance with Nasdaq’s continued listing requirements.
During 2026, we received several follow-on orders from existing customers in the defense, intelligence gathering and observation systems sectors, reflecting continued procurement and deployment of our products in these applications.
In June 2026, we were awarded a government defense contract to develop and supply a military standard, or MIL-STD, vehicle-mounted audio-based system for armored fighting vehicles. The contract marked our first contract as a prime contractor. The orders underlying the contract had an aggregate value of approximately $350,000. In August 2026, the customer exercised an option under the agreement, increasing the aggregate contract value by approximately $184,000 to approximately $534,000. Deliveries are expected to be completed in accordance with the project schedule.
In August 2026, we achieved AS9100D certification, the internationally recognized quality management standard for the aviation, space, and defense industries. The certification may enable us to qualify for certain defense and aerospace programs and tenders for which AS9100D certification is a requirement. .
In August 2026, we received an order of approximately $280,000 for our Peridot Night systems for use in observation and terrain dominance applications.
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