By Akash Sriram (Reuters) – Shares of Super Micro Computer soared nearly 30% in premarket trading on Tuesday, after the server maker sought an extension from Nasdaq for its delayed financial filings and appointed a new auditor as it looks to avoid being delisted. Super Micro announced the appointment of BDO USA as its independent…
Super Micro Computer (SMCI) said in a filing with the Securities and Exchange Commission late Monday that it has submitted a compliance plan to avoid delisting from the Nasdaq. The company said its compliance plan shows it is on track to submit delayed filings to the SEC “and become current with its periodic reports within…
(Reuters) -Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its shares soaring 27% in extended trading. In the compliance plan, the AI server maker said it will be able to complete…
Trading at $28, Super Micro Computer (NASDAQ:SMCI) shares dropped a further 15% Thursday following auditor Ernst & Young’s (EY) resignation amidst ongoing concerns over governance issues. Super Micro joined the S&P 500 in March, but it it fails to provide a compliance plan by Nov. 16, it may be delisted from Nasdaq. For SMCI, which…