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Moomoo 24/7 ·  Nov 19, 2024 16:10

$Super Micro Computer (SMCI.US)$ shares soar 38% in overnight trading following the submission of a plan to the Nasdaq aimed at maintaining its listing status. In an official announcement, the company disclosed that its board has appointed BDO USA, P.C. as the new auditor, effective from the date of the statement. BDO USA is an affiliate of BDO International.

Furthermore, Super Micro stated that this plan is in line with its request for additional time to meet Nasdaq's compliance standards. The firm expressed confidence in its ability to finalize its annual report for the fiscal year ending June 30, 2024, and its quarterly report for the period ending September 30, 2024. The company anticipates becoming compliant with Nasdaq's periodic reporting requirements within the grace period that the Nasdaq staff has the discretion to provide.

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