Summary by Moomoo AI
On November 14, 2024, Super Micro Computer, Inc. (SMCI), through its Taiwanese subsidiary, amended its credit agreements with E.SUN Bank to extend the review period for its FY2024 financial statements to December 31, 2024. These amendments also included financial commitments regarding the subsidiary's current ratio, net debt ratio, and interest coverage multiple. Additionally, on November 15, 2024, SMCI amended its loan agreement with Cathay Bank, reducing the revolving line and letter of credit sublimit to $458,000. On November 19, 2024, SMCI received a notification from Nasdaq for non-compliance with Listing Rule 5250(c)(1) due to delays in filing its Q1 2025 Form 10-Q and 2024 Form 10-K. SMCI submitted a compliance plan to Nasdaq on November 18, 2024, and believes it will become current with its periodic filings within the discretionary period granted by Nasdaq. The company's stock continues to be listed and traded on the NASDAQ Global Select Market.