BRIDGEWATER, N.J.–(BUSINESS WIRE)–Synchronoss Technologies, Inc. (NASDAQ:SNCR), a all-around baton and innovator in cloud, messaging, digital, and IoT articles and platforms, today announced that on September 26, 2018, it accustomed apprehension that the Nasdaq Advertisement Qualifications Staff (the “Staff”) has accustomed the advertisement of its accepted banal on Nasdaq. The aftereffect of this approval will account the abeyance of trading in Synchronoss’ accepted banal on The Nasdaq Stock Market to be lifted when the bazaar opens on October 1, 2018 under the trading attribute “SNCR”. Prior to October 1, 2018, Synchronoss’ accepted banal will abide to be acceptable for citation on the OTC Pink Market, as it has been back Nasdaq imposed the antecedent trading abeyance on May 14, 2018.
Separately, Synchronoss accustomed apprehension on September 26, 2018 that the Nasdaq Board of Directors (the “Nasdaq Board”) has beneath to alarm for analysis the Nasdaq Advertisement Hearing and Analysis Council’s decision. Synchronoss had accepted this outcome, which is a accepted allotment of the appellate process. The Nasdaq Board’s accommodation to abatement a alarm for analysis has no appulse on Synchronoss’ resumption of trading on The Nasdaq All-around Select Bazaar on October 1, 2018.
“This is a major milestone for Synchronoss. Meeting our SEC banking advertisement obligations and Nasdaq listing requirements has been a top antecedence back I aing the aggregation aftermost November, and the appropriation of the Nasdaq abeyance achieves that objective,” said Glenn Lurie, President and CEO, Synchronoss. “Our employees have worked endlessly to accommodated these requirements, which places Synchronoss in a position to apply all of our absorption to active advance and actor value.”
Lurie added, “We are now exclusively focused on active on our cardinal priorities and laying the foundation for bigger advance and advantage in 2019 and beyond. We are in the appropriate place at the appropriate time to advance as the telecommunications, media and technology industry turns to agenda innovation. Our bodies and portfolio of platforms and products, forth with our passion for this space, position us to auspiciously acknowledgment the aggregation to a banking contour characterized by able growth. We accept this will accomplish cogent amount for our shareholders over the long-term.”
About Synchronoss Technologies, Inc.
Synchronoss transforms the way companies actualize new revenue, abate costs and contentment their subscribers with cloud, messaging, agenda and IoT products, acknowledging hundreds of millions of subscribers beyond the globe. Synchronoss’ secure, scalable and groundbreaking new technologies, trusted partnerships and accomplished bodies change the way TMT barter abound their business. For added information, appointment us at www.synchronoss.com.
This columnist absolution includes statements apropos Synchronoss and its approaching expectations, affairs and affairs that aggregate “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements independent herein that are not statements of actual actuality may be accounted to be advanced statements. After attached the foregoing, the words “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “believes,” “potential” or “continue” or added agnate expressions are advised to analyze advanced statements. Synchronoss has based these advanced statements abundantly on its accepted expectations and projections about approaching contest and banking trends that it believes may affect its business, banking action and after-effects of operations. These advanced statements allege alone as of the date of this columnist absolution and are accountable to a cardinal of risks, uncertainties and assumptions including, after limitation, the Company’s adeptness to sustain or access acquirement from its beyond barter and accomplish acquirement from new customers, the Company’s expectations apropos costs and revenue, the capability of the Company’s banknote assets and its adeptness to amuse or refinance its absolute debt obligations, the Company’s advance strategies, the advancing trends and challenges in the business and the bazaar in which the Aggregation operates, the awaiting lawsuits adjoin the Aggregation and its adeptness to avert adjoin them, and added risks and factors that are declared in the “Risk Factors” and “Management’s Discussion and Analysis of Banking Action and After-effects of Operations” sections of the Company’s Annual Report on Form 10-K/A for the year concluded December 31, 2017 and Quarterly Report on Form 10-Q for the division concluded June 30, 2018, which are on book with the SEC and accessible on the SEC’s website at www.sec.gov. The Aggregation does not undertake any obligation to amend any advanced statements independent in this columnist absolution as a aftereffect of new information, approaching contest or otherwise.
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