DZS Receives Expected Nasdaq Notice Regarding Late Form 10-Q Filing
Portfolio Pulse from Benzinga Newsdesk
DZS Inc. has received a notification from Nasdaq due to the late filing of its Form 10-Q. The company is required to submit a plan to regain compliance within 60 calendar days. If the plan is accepted, Nasdaq can grant an extension of up to 180 days from the Form 10-Q's due date for DZS to regain compliance.
November 16, 2023 | 1:02 pm
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DZS Inc. has been notified by Nasdaq for not filing its Form 10-Q on time. The company must now submit a compliance plan within 60 days to avoid further repercussions, which could include delisting.
The notice from Nasdaq is a negative regulatory event indicating potential governance or operational issues. It may lead to investor concern about the company's ability to meet regulatory requirements, which could negatively impact the stock price in the short term.
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