Reported 1 day ago
Super Micro Computer announced that an independent review found no evidence of fraud or misconduct, leading to a 30% surge in its stock. The review, which involved extensive interviews, examined allegations from a previous report by Hindenburg Research. As the company searches for a new CFO, current financial chief David Weigand will remain in position until a successor is found. Following recent challenges, including the resignation of its accounting firm and the hiring of a new auditor, Super Micro submitted a compliance plan to avoid delisting from Nasdaq.
Source: YAHOO