secwatch.observer — SEC 8-K summary
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Issuer:     DZS INC. (—)
CIK:        0001101680
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001101680-24-000023
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DZS receives Nasdaq delisting determination for late 10-Qs; plans hearing by Feb 13
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- Received Staff Delisting Determination on Feb 6, 2024 for failing to file Q2 and Q3 2023 Form 10-Qs by Feb 5 extension deadline.
- Trading suspension not immediate; must request hearing by Feb 13, 2024 to stay delisting.
- Hearing request automatically stays trading suspension for 15 days; company will seek extension until Aug 3, 2024.
- Delinquent reports cause is a previously disclosed restatement; no assurance of timely filing within any extension.
- Working on financial statements for restated periods, delinquent reports, and FY2023; subject to audit/review.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101680/000110168024000023/0001101680-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101680/000110168024000023/dzsi-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001101680-24-000023

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