Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator in cloud, messaging and digital products, has announced that it received a positive decision from the Nasdaq Hearings Panel, which granted the company an extension to regain compliance with Nasdaq´s listing requirements, the company said.
Under the extension, the company´s common stock will remain listed on the Nasdaq Stock Market, subject to the company becoming current with its SEC filings on or before May 10, 2018. The extension is also subject to the company providing the Panel with periodic updates regarding its ongoing restatement of its financial statements and an investor update on or before March 31, 2018.
The Panel´s positive decision follows an in-person hearing before the Panel at which the company shared its progress to date and its plan to become current in its SEC filings on or before May 10, 2018. The company also shared with the Panel its intention to host a business update call with the investment community during mid-to-late March, 2018, during which the company will provide investors with a qualitative update on the business and progress against the company´s growth initiatives since it appointed a new CEO, Glenn Lurie.
Synchronoss transforms the way companies create new revenue, reduce costs and delight their subscribers with cloud, messaging and digital products supporting hundreds of millions of subscribers across the globe. Synchronoss´ secure, scalable and groundbreaking new technologies, trusted partnerships and talented people change the way TMT customers grow their business. For more information visit us at: www.synchronoss.com.