secwatch.observer — SEC 8-K summary
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Issuer:     DZS INC. (—)
CIK:        0001101680
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001101680-23-000098
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DZS receives Nasdaq delinquency notice for late 10-Q; restating Q1 2023 financials
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- Nasdaq notice on Aug 15, 2023 for missing extended Q2 10-Q filing deadline (Listing Rule 5250(c)(1)).
- Audit Committee reviewing revenue recognition; restating unaudited Q1 2023 financials.
- Company must submit compliance plan by Oct 16, 2023; Nasdaq may extend until Feb 5, 2024.
- No immediate delisting, but failure to regain compliance could lead to suspension.
- Restatement scope preliminary; additional periods may be affected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101680/000110168023000098/0001101680-23-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101680/000110168023000098/dzsi-20230815.htm
  HTML page:      https://secwatch.observer/filing/0001101680-23-000098

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer