Synchronoss Technologies, Inc. (NASDAQ:SNCR), a provider of mobile cloud innovation for mobile carriers, enterprises, retailers and OEMs around the world, has submitted its plan to Nasdaq detailing how the company plans to regain compliance with Nasdaq´s continued listing requirements, the company said.
On May 16, 2017, Synchronoss received a letter from Nasdaq indicating that the company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because the company had not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2017. The letter indicated that the company had until July 17, 2017 to submit a plan to regain compliance with Nasdaq´s continued listing requirements.
If the compliance plan is accepted, Nasdaq may grant Synchronoss an extension of up to 180 calendar days from the Form 10-Q´s due date, or until November 6, 2017, to regain compliance. The company´s common stock will continue to trade uninterrupted under its current trading symbol, “SNCR,” on the Nasdaq Global Select Market pending Nasdaq´s review of the compliance plan.
Synchronoss is an innovative software company that helps both service providers and enterprises realize and execute their goals for mobile transformation now.