Summary by Moomoo AI
Super Micro Computer received a notification from Nasdaq on September 17, 2024, indicating non-compliance with listing rules due to delayed filing of its FY2024 Annual Report (Form 10-K). The report was originally due on August 29, 2024, with the company filing Form 12b-25 for extension on August 30.The notification has no immediate impact on the company's listing status on the Nasdaq Global Select Market. Under Nasdaq rules, Super Micro has 60 days to either file the Form 10-K or submit a compliance plan. If a plan is submitted and accepted, the company could receive up to 180 days from the original due date to regain compliance.Should Nasdaq reject the compliance plan, Super Micro will have the opportunity to appeal the decision to a Nasdaq hearings panel. The company publicly disclosed this development through a press release on September 20, 2024.
