Infinera Corporation Announces Notification of Delinquency with Nasdaq
SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) — Infinera (NASDAQ:INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the “Notice”). The Notice indicated that Infinera remains in noncompliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024 (the “Form 10-Q”), as described more fully in Infinera’s Form 12b-25 Notification of Late Filing (the “12b-25”) filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2024. The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC. On May 14, 2024, Infinera announced its preliminary financial results for the quarter ended March 30, 2024.