Super Micro Soars After Hiring New Auditor in Bid to Stay Listed
- The company filed a plan to stay listed on the Nasdaq
- Super Micro said it appointed a new auditor in press release
The Super Micro Computer headquarters in San Jose, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Super Micro Computer Inc. shares gained 31% Tuesday, the most since February, after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements.
The server maker said late Monday that it submitted a plan to the Nasdaq exchange for filing its 10-K financial disclosure report delayed in August. The company also announced that it appointed BDO USA as its independent auditor, effective immediately.