Edgio Receives Expected Notice from NASDAQ
05 Aprile 2024 - 3:00PM
Business Wire
Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced that
it received an expected notice (the “Notice”) on April 4, 2024 from
The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is
not in compliance with the requirements for continued listing under
Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because the
Company has not yet filed its Annual Report on Form 10-K for the
year ended December 31, 2023 (the “Annual Report”) with the
Securities and Exchange Commission (the “SEC”). The Notice has no
immediate effect on the listing or trading of the Company’s common
stock on the Nasdaq Capital Market.
The Company previously reported in its Notification of Late
Filing on Form 12b-25, filed with the SEC on March 15, 2024, that
the Company was unable to file its 2023 Form 10-K within the
prescribed time period due to the Company’s previous independent
registered public accounting firm’s decision to resign as
independent registered public accounting firm of the Company,
effective December 18, 2023. The Audit Committee of the Board of
Directors of the Company accepted the resignation and immediately
engaged in a thorough search for a new independent registered
public accounting firm. Due to the engagement of a new independent
registered public accounting firm in the first quarter of 2024, the
Company requires additional time to complete the procedures
necessary to file its annual report on Form 10-K.
The Notice states that the Company has 60 calendar days from the
date of the Notice, or until June 3, 2024, to submit a plan to
regain compliance with the Listing Rule. If Nasdaq accepts the
Company’s plan to regain compliance, then Nasdaq may grant the
Company up to 180 calendar days from the prescribed due date of the
Annual Report, or until September 30, 2024, to file the Annual
Report to regain compliance.
The Company continues to work diligently to finalize its Annual
Report and plans to file its Annual Report as promptly as possible
to regain compliance with the Listing Rule.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. These statements include, among
others, statements regarding the Company’s current expectations and
intentions with respect to the filing of its Annual Report. Our
expectations and beliefs regarding these matters may not
materialize. It is very difficult to predict the effect of known
factors, and the Company cannot anticipate all factors that could
affect actual results that may be important to an investor. All
forward-looking information should be evaluated in the context of
these risks, uncertainties, and other factors, including those
factors disclosed in our SEC filings, including our most recent
reports on Form 10-K and 10-Q, particularly under the heading “Risk
Factors.” Copies of these filings are available online on our
investor relations website at investors.edgio.com and on the SEC
website at www.SEC.gov. All information provided in this release
and in the attachments is as of April 5, 2024, and we undertake no
duty to update this information in light of new information or
future events, unless required by law.
About Edgio Edgio (NASDAQ: EGIO) helps companies deliver online
experiences and content faster, safer, and with more control. Our
developer-friendly, globally scaled edge network, combined with our
fully integrated application and media solutions, provide a single
platform for the delivery of high-performing, secure web properties
and streaming content. Through this fully integrated platform and
end-to-end edge services, companies can deliver content quicker and
more securely, boosting overall revenue and business value. To
learn more, visit edg.io and follow us on Twitter,
LinkedIn and Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20240405162443/en/
Investor relations: Sameet Sinha 602-850-4973
ir@edg.io
Media relations: Patti Moran, Edgio
pmoran@edg.io
Grafico Azioni Edgio (NASDAQ:EGIO)
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Da Dic 2024 a Gen 2025
Grafico Azioni Edgio (NASDAQ:EGIO)
Storico
Da Gen 2024 a Gen 2025