Tintri Receives Nasdaq Notice Due to Delay in Filing Form 10-Q
21 Juni 2018 - 11:30PM
Business Wire
Tintri, Inc. (NASDAQ: TNTR), a leading provider of enterprise
cloud platforms, today announced that the company received a notice
from The Nasdaq Stock Market LLC on June 20, 2018 stating that
because Tintri had not yet filed its quarterly report on Form 10-Q
for the fiscal quarter ended April 30, 2018, the company is no
longer in compliance with the Nasdaq continued listing requirement
set forth in Marketplace Rule 5250(c)(1). Nasdaq Listing Rule
5250(c)(1) requires listed companies to timely file all required
periodic financial reports with the Securities and Exchange
Commission. Failure to comply with Nasdaq listing standards may
result in the delisting of the Company’s shares from Nasdaq.
The notice has no immediate effect on the listing of the
Company's shares on Nasdaq. The notice states that the company has
until July 2, 2018, to submit to Nasdaq a plan to regain compliance
with the Nasdaq Listing Rules. If Nasdaq accepts the Company’s
plan, then Nasdaq may grant the Company up to 180 days from the
prescribed due date for filing the Form 10-Q to regain compliance.
If Nasdaq does not accept the Company’s plan, then the Company will
have the opportunity to appeal that decision to a Nasdaq Hearings
Panel.
This announcement is made in compliance with Nasdaq Listing Rule
5810(b) which requires prompt disclosure of receipt of a deficiency
notification.
About Tintri
Tintri (NASDAQ: TNTR) offers an enterprise cloud infrastructure
built on a public-cloud like web services architecture and RESTful
APIs. Organizations use Tintri all-flash storage with scale-out and
automation as a foundation for their own clouds—to build agile
development environments for cloud native applications and to run
mission-critical enterprise applications. Tintri enables users to
guarantee the performance of their applications, automate common IT
tasks to reduce operating expenses, troubleshoot across their
infrastructure, and predict an organization's needs to scale—the
underpinnings of a modern data center. That's why leading cloud
service providers and enterprises, including Comcast, Chevron,
NASA, Toyota, United Healthcare and 20 percent of the Fortune 100,
trust Tintri with enterprise cloud. For more information, visit
www.tintri.com and follow us on Twitter: @Tintri. Tintri has used,
and intends to continue to use, its Investor Relations website and
the Twitter account of @Tintri as means of disclosing material
non-public information and for complying with its disclosure
obligations under Regulation FD.
Forward Looking Statements
This press release contains forward-looking statements,
including but not limited to statements that concern the company’s
ability to comply with Nasdaq Listing Rules and the continued
listing of the Company’s shares on Nasdaq. These forward-looking
statements are not historical facts, and instead are based on our
current expectations, estimates, opinions, and beliefs.
Consequently, you should not rely on these forward-looking
statements. The accuracy of such forward-looking statements depends
upon future events, and involves risks, uncertainties, and other
factors beyond our control that may cause these statements to be
inaccurate and cause our actual results, performance, or
achievements to differ materially and adversely from those
anticipated or implied by such statements, including, among others:
the risk that the completion and filing of the quarterly report on
Form 10-Q will take longer than expected or may not be completed at
all; the risk that the company will be unable to submit a plan to
regain compliance to Nasdaq before the due date or that any such
plan may not be accepted by Nasdaq; the risk that the company will
be unable to comply with the listing standards for the Nasdaq
market; and the risks more fully described in the Company’s Annual
Report on Form 10-K for the fiscal year ended January 31, 2018,
filed with the Securities and Exchange Commission; and other risks
and uncertainties included under the captions “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in our reports on file with the U.S.
Securities and Exchange Commission (“SEC”), including our Annual
Report on Form 10-K for the year ended January 31, 2018, which
are available on our investor relations website at
https://ir.tintri.com and on the SEC website at www.sec.gov , or
that we may file with the SEC following the date of this press
release. All statements provided in this release speak only as of
the date of this press release and, except as required by law, we
assume no obligation to update any forward-looking statements to
reflect actual results or subsequent events or circumstances.
© 2018 Tintri, Inc. All rights reserved. Tintri and the Tintri
logo are registered trademarks or trademarks of Tintri, Inc. in the
United States and other countries. Other brand names mentioned
herein are for identification purposes only and may be trademarks
of their respective holder(s).
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version on businesswire.com: https://www.businesswire.com/news/home/20180621006323/en/
Press ContactTouchdown PREmily GallagherUS: + 1 (512)
373-8500UK: +44 (0) 1252 717
040tintriUS@touchdownpr.comorInvestor Relations
ContactTintri, Inc.David Jew, 650-772-3838ir@tintri.com
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