DASAN Zhone Announces Receipt of Letter from Nasdaq Regarding Non-Compliance
(Thomson Reuters ONE) -
Contacts
DASAN Zhone Investor Relations: DASAN Zhone Public Relations:
Tel: +1 510.777.7013 Tel: +1 760.814.8194
Fax: +1 510.777.7001 E: carla.vallone(at)portavocepr.com
E: investor-relations(at)zhone.com
DASAN Zhone Announces Receipt of Letter from Nasdaq Regarding Non-Compliance
Oakland, Calif., Sept. 12, 2016 - DASAN Zhone Solutions, Inc. (formerly known as
Zhone Technologies, Inc.) (NASDAQ: DZSI), a global leader in fiber access
transformation for enterprise and service provider networks, today announced
that on September 6, 2016, it received a letter from The Nasdaq Stock Market LLC
("Nasdaq") notifying the company that it was not in compliance with the periodic
filing requirements for continued listing set forth in Rule 5250(c)(1) of the
Nasdaq Marketplace Rules because its Quarterly Report on Form 10-Q for the
quarter ended June 30, 2016 filed with the Securities and Exchange Commission
(the "SEC") on August 9, 2016 had not yet been reviewed by the company's
independent registered public accounting firm. As previously disclosed, the
company's interim unaudited financial statements as of and for the three and six
months ended June 30, 2016 were not reviewed by an independent registered public
accountant pursuant to the Public Company Accounting Oversight Board's AU 722,
Interim Financial Information, as required by Rule 10-01(d) of Regulation S-X.
The company filed Amendment No. 2 on Form 10-Q/A with the SEC on September
7, 2016 to, among other matters, indicate that the company's independent
registered public accounting firm has now reviewed the company's interim
unaudited financial statements as of and for the three and six months ended June
30, 2016, and Nasdaq has confirmed that the company has now regained compliance
with the periodic filing requirements for continued listing set forth in Rule
5250(c)(1) of the Nasdaq Marketplace Rules.
About DASAN Zhone
DASAN Zhone Solutions, Inc. (formerly known as Zhone Technologies, Inc.)
(NASDAQ: DZSI) is a global leader in fiber access transformation for service
provider and enterprise networks, serving more than 750 of the world's most
innovative network operators. The IP Zhone is the only solution that enables
service providers to build the network of the future today, supporting end-to-
end Voice, Data, Entertainment, Social Media, Business, Mobile Backhaul and
Mobility service. DASAN Zhone is committed to building the fastest and highest
quality All IP Multi-Service solution for its customers. DASAN Zhone is
headquartered in California and its products are manufactured in the USA in a
facility that is emission, waste-water and CFC free.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zhone Technologies, Inc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.09.2016 - 22:40 Uhr
Sprache: Deutsch
News-ID 494282
Anzahl Zeichen: 3432
contact information:
Town:
Oakland, California
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 183 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DASAN Zhone Announces Receipt of Letter from Nasdaq Regarding Non-Compliance"
steht unter der journalistisch-redaktionellen Verantwortung von
Zhone Technologies, Inc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
