DZS Receives Expected Delisting Notice from Nasdaq

August 6, 2024

DALLAS, Aug. 06, 2024 (GLOBE NEWSWIRE) — DZS (Nasdaq:DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions enabling gigabit broadband everywhere, announced today, as expected, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Nasdaq Hearing Panel (“the Panel”) has determined to delist the common stock of the Company from Nasdaq (the “Decision”). The Decision indicates that the Company failed to meet the August 5, 2024, deadline to regain compliance with its periodic filing obligations under Nasdaq Listing Rule 5250(c)(1).

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