Super Micro Stock Jumps as It Files Plan With Nasdaq to Stay Listed -- Barrons.com
Hiring a new auditor, submitting a compliance plan, the (delisted) crisis of super micro computer gets a "breather"!
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After-hours trading skyrocketed by 30%! Super micro computer (SMCI.US) launched a strong counterattack: new auditor on board, compliance plan unveiled.
Super Micro Computer hired BDO USA as the new auditor and submitted a plan to resume compliance for listing on nasdaq as a result, the stock price soared 30% after hours.
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Indeed, there are auditors willing to take it on! The super micro computer surged 40% after hours.
On November 18, Super Micro Computer announced that it has hired BDO, the world's fifth-largest accounting firm, as its independent auditor and submitted a plan to nasdaq that meets listing requirements. After the announcement, Super Micro Computer's stock in post-market trading surged more than 40% at one point.
