From GlobeNewswire:

DZS Inc. (“DZS”) received a Staff Delisting Determination from Nasdaq for not being in compliance with Nasdaq Listing Rule 5250(c)(1). The company intends to request a hearing before Nasdaq Hearings Panel and seek a further stay of any suspension or delisting action. This is due to the delay in filing quarterly reports, which were previously granted an extension. The company is also preparing financial statements for affected periods and plans to file with the SEC annual and quarterly reports including the Relevant Financial Statements. There are no guarantees for filing within the extension period granted by the Hearings Panel. DZS stock could face delisting as the company has delayed filing its quarterly reports.



Read more: DZS Inc. Receives Expected Nasdaq Delisting Determination,