DZS INC.: Nasdaq/NYSE listing notice — DZS receives Nasdaq delinquency notice for late Q1 10-Q; faces Aug 5 deadline to file all delinquent reports

DZS INC.

Received Nasdaq notice on May 14, 2024 for failure to timely file Q1 2024 10-Q under Listing Rule 5250(c)(1).
Q1 2024 10-Q is the latest delinquency; already delinquent on Q2/Q3 2023 10-Qs and 2023 10-K.
Company pursuing restatements and must file all delinquent reports by August 5, 2024 to maintain listing.
Notice has no immediate effect on trading of DZSI common stock on Nasdaq.
Company previously disclosed inability to file Q1 10-Q without unreasonable effort or expense.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

DZS INC. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

May 14, 2024, DZS Inc. (the “Company”) received a delinquency notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the three months ended March 31, 2024 (the “First Quarter 10-Q”), the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital

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Source: SEC EDGAR

accession 0001101680-24-000058

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