Domination and profit and loss transfer agreement between adva optical networking se and adtran holdings, inc., has been registered in the commercial register

Huntsville, ala.--( business wire )--the domination and profit and loss transfer agreement (the “dplta”) between adva optical networking se (“adva”) as dependent company and adtran holdings, inc. (nasdaq: adtn and fse: qh9) (“adtran holdings”) as dominating company that was executed on december 1, 2022 and has been registered in the commercial register of the local court of jena on january 16, 2023 and has thus become effective. the extraordinary general meeting of adva had granted approval to the conclusion of the dplta on november 30, 2022. the effectiveness of the dplta enables adtran holdings to further integrate adva under german law, including the ability to issue binding operational instructions to the management board of adva.
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