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Synchronoss submits plan to regain Nasdaq compliance

Jul. 17, 2017 4:51 PM ETSynchronoss Technologies, Inc. (SNCR) StockBy: Brandy Betz, SA News Editor
  • Synchronoss Technologies (NASDAQ:SNCR) announces it has submitted a detailed plan to Nasdaq to regain compliance.
  • Nasdaq sent a letter on May 16 saying Synchronoss wasn’t in compliance with a rule because the company hadn’t submitted its 10-Q for the quarter ending March 31. 
  • Nasdaq gave Synchronoss a deadline of today to submit a compliance plan. 
  • If Nasdaq accepts the plan, the company could receive an extension until November 6 to submit the 10-Q. 
  • Synchronoss shares will continue to trade on Nasdaq while the plan is under review.
  • Previously: Synchronoss Tech to review strategic alternatives, including possible sale (July 6)

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