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Friday, Jun 2, 2023

MRV Appealing Delisting

MRV Communications has asked for a hearing over non-compliance with NASDAQ rules for a delay in filing a quarterly financial report. The Chatsworth-based provider of optical equipment and network services did not meet the June 30 deadline for the report due to an ongoing review by a special committee of stock option practices. Filing a letter for a hearing before the NASDAQ Listing Qualifications Panel will allow MRV shares to remain traded on the NASDAQ until the panel makes a decision.

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