OCZ Receives Nasdaq Extension

OCZ Technology Group, Inc. announced that the Nasdaq Stock Market has accepted the company’s plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) which will permit the continued listing of the company’s stock on the Nasdaq Capital Markets.

On February 1, 2013, the company submitted to Nasdaq an update to its original plan. After reviewing the plan, Nasdaq granted an exception to enable the company to regain compliance with the Rule. Under the terms of the revised exception, on or before April 8, 2013, the company must file its Forms 10-Q for the period ended August 31, 2012 and November 30, 2012, and any other delinquent periodic reports as required by the Rule.

Read also:
OCZ Issues Update on Various Matters
Company cannot estimate date to regain Nasdaq compliance.
OCZ Receives Extension to Regain Compliance With Nasdaq
And continues to be listed at least until February 28, 2013
OCZ Said Investigation Substantially Complete
Plans restatement of financial statements.
SEC Conducts Investigation on OCZ
Related to financial reporting
OCZ Not in Compliance With Filing Requirements for Continued Listing
On Nasdaq
OCZ Unables to File Form 10-Q
For second quarter of fiscal year 2013