Thursday, September 11, 2014

Ixia Gets Extension On Filings

Calabasas-based Ixia has received a slight reprieve from delisting and requirements to meet NASDAQ stock market requirements for filings. The company said late Wednesday that the NASDAQ Stock Market has granted an extension from September 12th to November 13th for the company to become current in its filings. The company--which will be delisted if it fails to meet the new deadline--has been trying to become current with all of its financial reports, after a restatement effort at the company. Ixia is currently late in its 10-Q for both the quarters ended March 31, 2014 and June 30, 2014. Those restatements were triggered by audits at the company due to the discovery that its former CEO had fabricated his resume and educational background.

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