ASHBURN, Va., March 18, 2022 (Globe NEWSWIRE) — Telos® Corporation (Nasdaq: TLS) (the “Organization”), today announced that it acquired a Detect (the “Notice”) from the NASDAQ Inventory Current market on March 17, 2022 notifying the Organization that, since its Sort 10-K for the fiscal yr finished December 31, 2021 (the “2021 10-K”) was not submitted with the Securities and Exchange Fee by the expected because of day of March 16, 2022, the Company is not in compliance with the periodic filing specifications for ongoing listing established forth in NASDAQ Listing Rule 5250(c)(1).
This See has no fast effect on the listing or trading of the Company’s shares. NASDAQ has provided the Organization with 60 calendar days, right until Might 15, 2022, to post a program to regain compliance. If NASDAQ accepts the Firm’s approach, then NASDAQ might grant the Firm up to 180 days from the prescribed owing day for the 2021 10-K , or September 12, 2022, to get back compliance. In response to the See, as promptly as probable and in any celebration no afterwards than the deadline for submission of the Company’s approach to get back compliance, the Enterprise intends to i) file the 2021 10-K, and ii) post a system to NASDAQ that outlines, as definitively as achievable, the methods the Corporation will choose to promptly file the 2021 10-K.
This announcement is designed in compliance with Nasdaq Listing Rule 5810(b), which necessitates prompt disclosure of receipt of a deficiency notification.
About Telos Corporation
Telos Company (NASDAQ: TLS) empowers and safeguards the world’s most security-mindful corporations with solutions for continuous security assurance of individuals, methods, and info. Telos’ offerings consist of cybersecurity alternatives for IT hazard administration and facts safety cloud protection answers to safeguard cloud-centered assets and help constant compliance with marketplace and govt security benchmarks and business stability answers for identity and access management, safe mobility, organizational messaging, and community management and defense. The organization serves business enterprises, controlled industries and government buyers close to the entire world.
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