DZS (DZSI) has released an update to notify the public and investors about listing compliance status.
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DZS Inc. is at risk of being delisted from Nasdaq due to non-compliance with financial reporting rules. The company failed to file its required quarterly financial reports and is now facing a delisting notice. DZS Inc. is seeking a hearing to appeal this decision and has requested an extension until August 3, 2024, to submit the overdue reports. The company is working on preparing and auditing the financial statements to regain compliance, but there is no certainty that it will meet the extended deadline.
For further insights into DZSI stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
