Reported 4 days ago
Shares of Super Micro Computer surged approximately 23% after the company sought an extension from Nasdaq for its delayed financial filings and appointed BDO USA as its new auditor. This appointment comes after Ernst & Young resigned, raising concerns about Super Micro's governance and financial reporting. If its compliance plan is accepted, the filing deadline could be extended to February, helping avoid potential delisting from Nasdaq.
Source: YAHOO