Reported 8 days ago
Super Micro Computer Inc. must submit a plan by November 18 to maintain its Nasdaq listing, following a series of setbacks including delayed financial reports and governance issues. If the plan isn't approved, it risks being delisted and facing significant financial repercussions, including early repayment of its bonds. Since August, the company's shares have dropped nearly 70%, reflecting investor apprehensions. Super Micro previously faced delisting in 2019 and has a history of compliance issues.
Source: YAHOO