Super Micro's stock surges amid hopes that a delisting will be avoided.
Super Micro Computer Inc (NASDAQ: SMCI) may succeed in avoiding a delisting as it submits a plan for its delayed annual report on Monday. But the company's financial and legal woes are far from over.
The share price of Super Micro Computer (NASDAQ: SMCI) is trading in the green after weeks of losses as investors await an update on the company's remediation plan.
Super Micro shares are rising sharply as investors await a planned filing.
After another round of sell-offs this past week, Supermicro stock is down 84% from its high.
Super Micro Computer Stock Collapse: Is the Worst Over?
The company faces a critical deadline on Nov. 18.
Super Micro Computer (SMCI) shares soared over 18% in extended trading Friday following reports that the company is expected to file a plan for its delayed annual report that could help it avoid delisting.
Super Micro Computer (SMCI) faces a potential delisting from the Nasdaq due to delays in filing its financial statements. The company has until November 16 to submit a plan for regaining compliance after its auditor, Ernst & Young, resigned in October.
What happens if Super Micro Computer gets delisted?
Super Micro Computer stock (NASDAQ: SMCI) is seeing a real possibility of being delisted from the Nasdaq in the coming days. The company faces a November 16th deadline to either file its delayed 10-K annual report or submit a plan with the SEC to regain compliance.
The server maker is quickly approaching a delisting deadline.