DZS (DZSI) just unveiled an announcement.
DZS Inc. and its subsidiary DZS California have completed the sale of their equity interests in several Asian entities to DASAN Networks, Inc. for approximately $48 million, a deal comprising cash, debt elimination, and retained debt. Concurrently, DZS Inc. is addressing a Nasdaq delinquency notice for late financial reporting, which could affect its stock listing, while actively working on restating its financials. A press release on these developments has been circulated, indicating the company’s efforts to comply with regulatory requirements and finalize outstanding financial reports.
See more insights into DZSI stock on TipRanks’ Stock Analysis page.
