DZS Announces Two New Board of Director Members
DZS Inc. (DZSI)
Last dzs inc. earnings: 3/5 04:02 pm
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US:NASDAQ Investor Relations:
dasanzhone.com/about/investor-relations
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Source: GlobeNewswire
DALLAS, Feb. 20, 2024 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader of access, optical and AI-driven cloud software solutions, today announced that Todd Jackson and Paul Choi have been appointed to the company’s Board of Directors. Jackson and Choi join the DZS Board following three strategic transactions: securing $25 million of working capital through two transactions, a private placement of DZS common stock and a term loan; the planned divestiture of the company’s lower margin Asia business, which, upon closing, will eliminate $43 million of debt; and an additional $5 million of working capital. The sale of the Asia business is expected to close in the first quarter of 2024. Jackson is an accomplished attorney who brings to the DZS Board 30 years of M&A advisory and transaction experience with over $30 billion in transactions closed. Choi is the Chief Executive Officer of Invites Ventures, the purchaser in the company’s recent private placement, and brings to the Board
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DZSI
Earnings
- 5/8/23 - Beat
DZSI
Sec Filings
- 5/1/24 - Form 3
- 5/1/24 - Form 3
- 4/24/24 - Form 8-K
- DZSI's page on the SEC website