Reported 2 days ago
Super Micro Computer Inc. saw its shares soar by up to 42% in premarket trading after announcing the hiring of a new auditor, BDO USA, and filing a compliance plan with Nasdaq to address delayed financial reports. The company aims to submit its annual report for the year ending June 30, 2024, and become current with its filings. This comes after a difficult period marked by a significant drop in stock prices, governance concerns, and a DOJ probe, as well as a history of delisting and relisting from Nasdaq.
Source: YAHOO