Synchronoss Receives NASDAQ Letter
March 09 2018 - 4:30PM
Business Wire
Synchronoss Technologies, Inc. (NASDAQ:SNCR) (“Synchronoss” or
the “Company”), a global leader and innovator of cloud, messaging,
digital and IoT products, today announced that it has received
an anticipated letter from the Listing Qualifications Department of
The NASDAQ Stock Market notifying the Company of its noncompliance
with Nasdaq Listing Rule 5250(c)(1) because the Company has not yet
filed its Annual Report on Form 10-K for the year ended December
31, 2017.
As previously disclosed, the Company plans to become current in
its SEC filings on or before May 10, 2018.
The notification of noncompliance has no immediate effect on the
listing or trading of the Company’s common stock on the Nasdaq
Global Select Market under the symbol “SNCR.”
About Synchronoss
Synchronoss transforms the way companies create new revenue,
reduce costs and delight their subscribers with cloud, messaging,
digital and IoT 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 Technology-Media-Telecommunications customers
grow their business. For more information, visit us at
www.synchronoss.com.
Forward-looking Statements
This press release includes statements concerning Synchronoss
and its future expectations, plans and prospects that constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. For this purpose, any
statements contained herein that are not statements of historical
fact may be deemed to be forward-looking statements. Without
limiting the foregoing, the words “may,” “should,” “expects,”
“plans,” “anticipates,” “could,” “intends,” “believes,” “potential”
or “continue” or other similar expressions are intended to identify
forward-looking statements. Synchronoss has based these
forward-looking statements largely on its current expectations and
projections about future events and financial trends that it
believes may affect its business, financial condition and results
of operations. These forward-looking statements speak only as of
the date of this press release and are subject to a number of
risks, uncertainties and assumptions including, without limitation,
the timing and results of the Company’s accounting review and other
factors that are described in the “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” sections of the Company’s Annual Report on Form 10-K
for the year ended December 31, 2016, which is on file with the SEC
and available on the SEC’s website at www.sec.gov. Additional
factors may be described in those sections of the Company’s
Quarterly Reports on Form 10-Q for the quarters ended March 31,
2017 and June 30, 2017 and September 30, 2017, to be filed with the
SEC as soon as practicable. The Company does not undertake any
obligation to update any forward-looking statements contained in
this press release as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20180309005473/en/
Media:Red Lorry Yellow LorryUS:Kerry Quintiliani,
781-479-7475synchronoss@rlyl.comorCCgroupInternational:Sarah
Walker, +44 20 3824 9200synchronoss@ccgrouppr.com