Synchronoss submits plan to regain Nasdaq compliance
Synchronoss Technologies has submitted its plan to Nasdaq detailing how the company plans to regain compliance with Nasdaq's continued listing requirements. On May 16, Synchronoss received a letter from Nasdaq indicating that the company was not in compliance with Nasdaq because the company had not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31. The company had until July 17 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, to regain compliance. The company's common stock will continue to trade uninterrupted under its current trading symbol.