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.
As previously disclosed on a Current Report on Form 8-K filed with the SEC on March 15, 2024, Infinera previously received a notice from Nasdaq indicating that as a result of not having timely filed its Annual Report on Form 10-K for the period ended December 30, 2023 (the "Form 10-K"), Infinera was not in compliance with the Listing Rule. On May 17, 2024, Infinera filed the Form 10-K with the SEC.
Nasdaq has informed Infinera that it must submit an update to the plan of compliance previously submitted to Nasdaq (the "Plan Update") by May 31, 2024 addressing how it intends to regain compliance with the Listing Rule by September 11, 2024, which is 180 calendar days from the due date of the Form 10-K. As previously disclosed, Infinera was delayed in its year-end closing process due to the matters described in the Company's 12b-25. Infinera will continue to work diligently to complete and file the Form 10-Q as soon as practicable and will work diligently to submit the Plan Update promptly and take the necessary steps to regain compliance as soon as practicable.
加利福尼亞州聖何塞,2024年5月21日(GLOBE NEWSWIRE)——英飛朗(納斯達克股票代碼:INFN)今天宣佈,它於2024年5月15日收到了納斯達克股票市場有限責任公司(“納斯達克”)上市資格工作人員的預期違約通知信(“通知”)。該通知指出,英飛朗仍未遵守納斯達克上市規則5250(c)(1)(“上市規則”),原因是其未能及時提交截至2024年3月30日的季度的10-Q表季度報告(“10-Q表格”),英飛朗向美國證券交易委員會提交的12b-25表格延遲申報通知(“12b-25”)中有更全面的描述(“12b-25”)(“SEC”)於 2024 年 5 月 10 日發佈。《上市規則》要求上市公司及時向美國證券交易委員會提交所有必要的定期財務報告。2024年5月14日,英飛朗公佈了截至2024年3月30日的季度初步財務業績。
正如先前在2024年3月15日向美國證券交易委員會提交的8-K表最新報告中所披露的那樣,英飛朗此前收到納斯達克的通知,表明由於未能及時提交截至2023年12月30日的10-K表年度報告(“10-K表格”),英飛朗不遵守上市規則。2024 年 5 月 17 日,英飛朗向美國證券交易委員會提交了 10-K 表格。
納斯達克已通知英飛朗,它必須在2024年5月31日之前提交給納斯達克的合規計劃(“計劃更新”)的更新,說明其打算如何在2024年9月11日之前,即自10-K表格的到期日起180個日曆日之前恢復對上市規則的遵守。正如先前披露的那樣,由於公司12b-25中描述的事項,英飛朗的年終結算流程被推遲。Infinera將繼續努力盡快完成並提交10-Q表格,並將努力迅速提交計劃更新,並採取必要措施儘快恢復合規。