BRIDGEWATER, N.J.--(BUSINESS WIRE)--Mar. 9, 2018--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180309005473/en/
Source: Synchronoss Technologies, Inc.
Media:
Red Lorry Yellow Lorry
US:
Kerry
Quintiliani, 781-479-7475
synchronoss@rlyl.com
or
CCgroup
International:
Sarah
Walker, +44 20 3824 9200
synchronoss@ccgrouppr.com