Infinera Corporation Announces Notification of Delinquency with Nasdaq

Core Points - Infinera received a delinquency notification from Nasdaq due to noncompliance with Listing Rule 5250(c)(1) for failing to timely file its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024 [1] - The company had previously received a notice for not timely filing its Annual Report on Form 10-K for the period ended December 30, 2023, but filed the Form 10-K on May 17, 2024 [2] - Nasdaq requires Infinera to submit a Plan Update by May 31, 2024, detailing how it intends to regain compliance by September 11, 2024 [3] - Infinera is working diligently to complete and file the Form 10-Q and to submit the Plan Update promptly [3] Company Overview - Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors [4] - The company's solutions are designed to enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations [4] - Infinera's offerings deliver industry-leading economics and performance across various applications, including long-haul, submarine, data center interconnect, and metro transport [4]