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Pareteum receives conditional permission to remain listed on Nasdaq

Thursday 9 July 2020 | 15:03 CET | News
Pareteum, a provider of communications-platform-as-a-service products, said the Nasdaq has granted the company's request to remain listed on Nasdaq, as long as it files its overdue financial reported by end October. Pareteum has to restate results for full year 2018 and the first half of 2019, because of revenues it should not have declared at the time. In connection with the matter, independent legal and accounting advisors are conducting an internal investigation into the company's revenue recognition practices. The company plans to file its reports when that investigation is complete. It

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Categories: Mobile & Wireless
Companies: Pareteum
Countries: World
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