August 16 2022 - 04:30PM
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Avaya Holdings Corp. (NYSE: AVYA) ("Avaya" or "the Company") today reported that it had received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) notifying the Company that, because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “Form 10-Q”), it is not in compliance with Section 802.01E of the NYSE Listed Company Manual, which requires that NYSE-listed companies timely file all periodic reports with the Securities and Exchange Commission (the “SEC”). The Company had previously disclosed that it would not be able to timely file the Form 10-Q due to the circumstances described in the Form 12b-25 filed with the SEC on August 9, 2022.
The Notice is a routine notification to NYSE-listed companies who are untimely in filing their periodic reports, and has no immediate effect on the listing of the Company’s common stock on the NYSE. The Notice informed the Company that, under the NYSE’s rules, the Company has six months from the date of the Notice, until February 15, 2023, to file its Form 10-Q and regain compliance with the NYSE listing standards. If the Company fails to file the Form 10-Q by the six-month deadline, the NYSE may, in its sole discretion, grant an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. Under NYSE rules, the NYSE may also commence delisting proceedings at any time if it deems that the circumstances warrant such proceedings.
The Company is working to resolve the issues that have led to the delay in its Form 10-Q filing in order to be able to file the Form 10-Q as soon as practicable, but in any event expects to make the Form 10-Q filing before the February 15, 2023 deadline stipulated by the NYSE in the Notice.
Cautionary Note Regarding Forward-Looking Statements
