DALLAS, Nov. 16, 2022 (GLOBE NEWSWIRE) -- DZS Inc. (NASDAQ: DZSI) (the “Company” or “DZS”), a global leader in access and optical edge infrastructure and cloud software solutions, today announced that it has priced an underwritten registered public offering by the Company and DASAN Networks, Inc. (the “selling stockholder”) of an aggregate of 3,377,315 shares of the Company’s common stock at a price to the public of $11.50 per share, of which 2,507,750 shares are being offered by the Company and 869,565 shares are being offered by the selling stockholder. The Company and the selling stockholder have granted the underwriters a 30-day option to purchase at the public offering price, less the underwriting discount, up to an additional 376,162 shares and 130,435 shares of common stock, respectively, or 506,597 shares of common stock in the aggregate. The offering is expected to close on or about November 21, 2022, subject to satisfaction of customary closing conditions.

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