Tintri Receives Nasdaq Delisting Determination Letter
09 Julio 2018 - 4:00PM
Business Wire
Tintri, Inc. (NASDAQ:TNTR) today announced that the company
received a Staff Delisting Determination Letter from Nasdaq setting
forth a determination to delist the company’s securities as a
result of the company’s failure to satisfy the requirements of
Nasdaq Listing Rule 5250(c)(1) due to its failure to file a
Quarterly Report on Form 10-Q for the period ended April 30, 2018.
Unless the company requests an appeal of the delisting
determination, trading of the company’s common stock will be
suspended at the opening of business on July 12, 2018, and Nasdaq
will file a Form 25-NSE with the Securities and Exchange
Commission, which will remove the company’s securities from listing
and registration on Nasdaq. The Company has not determined at this
time whether it will file an appeal of the delisting
determination.
This announcement is made in compliance with Nasdaq Listing Rule
5810(b) which requires prompt disclosure of receipt of a Staff
Delisting Determination.
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, the delisting process
and any decision by the company to appeal the delisting
determination, 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 company will not appeal the
delisting determination from Nasdaq; the risk that any appeal, if
filed, will not be successful; the risk that 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/20180709005828/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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