DZS Inc. Receives Expected Nasdaq Notice Regarding Late Form 10-Q Filing

May 17, 2024

https://www.globenewswire.com/news-release/2024/05/17/2884485/0/en/DZS-Inc-Receives-Expected-Nasdaq-Notice-Regarding-Late-Form-10-Q-Filing.html

DALLAS, May 17, 2024 (GLOBE NEWSWIRE) — DZS Inc. (“DZS” or the “Company”) (Nasdaq:DZSI), a global leader of broadband networking and software-defined cloud solutions, announced today that on May 14, 2024, as expected, it received a delinquency notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because the Company did not timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2024 (the “First Quarter 10-Q”). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.

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