Synchronoss Technologies, Inc. (NASDAQ: SNCR), the leader in mobile cloud innovation for mobile carriers, enterprises, retailers and OEMs around the world, has received an anticipated letter from the Listing Qualifications Department of The NASDAQ Stock Market (“Nasdaq”) notifying the company of its noncompliance with Nasdaq Listing Rule 5250(c)(1) because the company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, the company said.
Nasdaq indicated that the company has 60 days to submit a plan to regain compliance. If Nasdaq accepts the company´s plan, it may grant an exception of up to 180 calendar days from the Form 10-Q´s due date, or November 6, 2017, to regain compliance. If Nasdaq does not accept the company´s plan, the company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel before any delisting occurs.
The notification of noncompliance has no immediate effect on the listing or trading of Synchronoss´ common stock on the Nasdaq Global Select Market under the symbol “SNCR”.
Synchronoss (NASDAQ: SNCR) is an innovative software company that helps both service providers and enterprises realize and execute their goals for mobile transformation now. Our simple, powerful and flexible solutions serve millions of mobile subscribers and a large portion of the Fortune 500 worldwide today.