Edgio, Inc. Receives Expected Notice from NASDAQ
29 August 2024 - 7:30AM
Business Wire
Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced that
it received an expected notice (the “Notice”) on August 21, 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 Quarterly Report on Form
10-Q for the quarter ended June 30, 2024 (the “Q2 Quarterly
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 August 12, 2024, that
the Company was unable to file its Q2 Quarterly Report within the
prescribed time period.
The Notice states that the Company must update its previously
submitted compliance action 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, Q1 Quarterly Report
and the Q2 Quarterly Report to regain compliance.
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.edg.io and on the
SEC website at www.SEC.gov. All information provided in this
release and in the attachments is as of August 28, 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, thus 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/20240826809771/en/
Investor relations: Sameet Sinha 602-850-4973 ir@edg.io
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