Super Micro Stock Pops After Company Submits Plan to Stay Listed on Nasdaq

Super Micro Stock Pops After Company Submits Plan to Stay Listed on Nasdaq · The Wall Street Journal

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Super Micro Computer (SMCI) has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors. The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30, and for the first quarter of fiscal 2025 in a timely manner. Super Micro said it anticipates being able to complete its report on Form 10-K for its recent fiscal year, in addition to its report on Form 10-Q for its recent fiscal quarter, “and become current with its periodic reports within the discretionary period available to the Nasdaq staff to grant.”