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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report: July 24, 2025
Synchronoss Technologies, Inc.
(Exact Name of Registrant as Specified in its Charter)
| | | | | | | | | | | | | | |
| Delaware | | 001-40574 | | 06-1594540 |
| (State or Other Jurisdiction | | (Commission | | (IRS Employer |
| of Incorporation) | | File Number) | | Identification No.) |
| | | | | | | | |
200 Crossing Boulevard, 8th Floor | | |
Bridgewater, New Jersey | | 08807 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (866) 620-3940
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | | | | | | | |
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Stock, par value $.0001 par value
| | SNCR | | The Nasdaq Stock Market, LLC
|
On July 24, 2025, Synchronoss issued a press release announcing receipt of its expected 2020 CARES Act tax refund in the amount of $30.2 million. The Company indicated that the Internal Revenue Service has confirmed the total amount of the refund will be $33.9 million, including interest in the amount of $5.9 million, and that the last payment in the amount of $3.7 million should be received by the Company prior to Labor Day 2025. The Company has already paid down the term loan facility in the amount of $22.6 million, equaling 75% of the proceeds received to date, pursuant to the terms of the Credit Agreement, as amended. The press release is filed hereto as Exhibit 99.1 and is incorporated by reference herein.
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Item 9.01. | Financial Statements and Exhibits. |
(d)Exhibits
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Exhibit
Number | | Description | | Filed Herewith |
| 99.1 | | Press Release of Synchronoss Technologies, Inc., dated July 24, 2025. | | x |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 24, 2025
| | | | | | | | | | | |
| | Synchronoss Technologies, Inc. | |
| | /s/ Louis Ferraro | |
| Name: | | Louis Ferraro | |
| Title: | | Chief Financial Officer | |
