DZS Secures $25 Million in Funding and Signs Definitive Agreement to Divest Asia Business

January 5, 2024

https://www.globenewswire.com/news-release/2024/01/05/2804610/0/en/DZS-Secures-25-Million-in-Funding-and-Signs-Definitive-Agreement-to-Divest-Asia-Business.html

DALLAS, Jan. 05, 2024 (GLOBE NEWSWIRE) — DZS (Nasdaq:DZSI), a global leader of access, optical and AI-driven cloud software solutions, today announced it has secured $25 million in debt and equity funding and signed a definitive agreement to divest its Asia business, creating a broadband networking and AI-driven software pure play focused on the Americas, Europe, Middle East, and Africa (EMEA), and Australia/New Zealand (ANZ) regions.

Read more at globenewswire.com

Related news for (DZSI)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.