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.
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.
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