Super Micro Computer filed plans with Nasdaq to avoid being delisted.
Key points It also hired a new outside auditor, BDO. Supermicro stock has been on a wild ride this year. It was a good day for a technology company that has had its share of woes this year. It has been a wild year for Super Micro Computer , more commonly known as Supermicro. While there have certainly been many more bad days than good in recent months, the stock was a top gainer on Tuesday, rising about 32% during the trading day to around $28 per share.
The company did not indicate when they would complete the reports in the press release. However, it said, pursuant to Nasdaq rules, Supermicro stock will remain listed pending Nasdaq’s review of the compliance plan. Further, on the hiring of BDO International, a top five accounting firm, Supermicro President and CEO Charles Liang said: “This is an important next step to bring our financial statements current, an effort we are pursuing with both diligence and urgency.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
32 Personal Care Products That Reviewers Over 50 Are Super Impressed With'It took me till my 50s to find this amazing product. I sure coulda used this in my 20s.'
Read more »
Super Micro faces deadline to keep Nasdaq listing after 85% plunge in stockSuper Micro could also get a reprieve and an extension from the Nasdaq, giving it months to come into compliance.
Read more »
Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listingSuper Micro, which has been battered by bad headlines in recent weeks, said on Monday that it hired BDO as its independent auditor.
Read more »
Super Micro hires new auditor to maintain Nasdaq listing; shares popSuper Micro said on Monday that it hired BDO as its independent auditor.
Read more »
NFL Week 11 Power Rankings 2024: How all 32 teams stack upHow high did the Steelers rise and how far did the Commanders fall in our Week 10 Power Rankings? Plus, we picked every team's non-QB MVP..
Read more »
NHL Power Rankings: 1-32 poll, top November game for each teamA shuffle in the top three results in a new team on the throne. Plus, here's your official viewing guide to top matchups for the next 30 days.
Read more »