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OCZ regains favorable NASDAQ listing pending filing of periodic reports

OCZ gets temporarily re-listed on NASDAQ Stock Exchange pending filing of periodic reports

By Charles Gantt on May 29, 2013 07:33 am CDT - 0 mins, 45 secs reading time

OCZ announced this morning that Company received a determination from the NASDAQ Listing Qualifications Panel indicating that the panel had granted the company's request to remain listed on the NASDAQ Stock Market, subject to the condition that the company is current in the filing of its periodic reports with the Securities and Exchange Commission by September 16, 2013.

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OCZ must promptly notify NASDAQ of any significant events that occur during the exception period and the panel reserves the right to reconsider the terms of the exception at any point if it believes that the continued listing of the company's stocks is inadvisable or unwarranted.

"We are delighted that NASDAQ has granted us this extension. As recognized by this extension, the Company has made substantial progress in becoming current with our filings and we look forward to completing this as soon as possible," said Ralph Schmitt, CEO of OCZ Technology Group.

Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

NEWS SOURCE:techpowerup.com

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