Rich Yellow Boi OP Jaydeezy23z : 1) Well, nasdaq gave them a a deadline for filling its annual report in regard to their alleged fraud at 16 Nov or come up with a plan by then. So far, the only thing they did is a loan agreement that will be furnishing its audited  financial statement on dec, which means there is a high chance smci will exceed 16Nov deadline UNLESS they have other plans which nobody knows yet.
2. As mentioned, this issue start in august and has given a deadline. It doesnt need a stock to go under 1 for it to be delisted. e.g twitter
But take this with a pinch of salt. We never know what will happen. Personally, i dont take high risk, so i will keep track for now.