DASAN Zhone Regains Compliance with Nasdaq Listing Rules
(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)dasanzhone.com
Oakland, Calif., October 5, 2017 - 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 October 4, 2017, the company received a letter from The NASDAQ Stock
Market LLC ("Nasdaq") stating that the company has regained compliance with
Nasdaq Listing Rule 5250(c)(1) and is in compliance with other applicable
requirements required for listing on the Nasdaq. Accordingly, Nasdaq has
determined to continue the listing of the company's securities and has closed
this matter.
As previously reported, on April 6, 2017, May 17, 2017 and August 21, 2017, the
Listing Qualifications Staff of Nasdaq notified the company that it was not in
compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to timely file
its Annual Report on Form 10-K for the year ended December 31, 2016 and its
Quarterly Reports on Form 10-Q for the periods ended March 31, 2017 and June
30, 2017, respectively. Following a hearing before the Nasdaq Hearings Panel on
May 25, 2017, the Nasdaq Hearings Panel granted the company's request for
exception through September 27, 2017 to comply with Nasdaq's filing
requirements. The company filed its delinquent Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q on September 27, 2017.
About DASAN Zhone
DASAN Zhone Solutions, Inc. is a global leader in broad-based network access
solutions and communications equipment. The company provides solutions in five
major product areas including broadband access, Ethernet switching, mobile
backhaul, passive optical LAN (POL) and software defined networks (SDN). More
than 750 of the world's most innovative network operators, service providers and
enterprises turn to DASAN Zhone Solutions for fiber access transformation.
DASAN Zhone Solutions is committed to building the fastest and highest quality
All IP Multi-Service solution for its customers. DASAN Zhone Solutions is
headquartered in Oakland, California.
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: DASAN Zhone Solutions, Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 05.10.2017 - 22:14 Uhr
Sprache: Deutsch
News-ID 562694
Anzahl Zeichen: 3047
contact information:
Town:
Oakland, California
Kategorie:
Business News
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"DASAN Zhone Regains Compliance with Nasdaq Listing Rules"
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