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Super micro computer will submit a compliance plan on Monday to avoid delisting risk.
AI server company super micro computer plans to submit a compliance plan to nasdaq before Monday to maintain its stock market trading qualifications.
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U.S. stocks are fluctuating | Super micro computer surged over 18% in pre-market trading as news reports that it will submit a compliance plan on Monday.
Gelonghui November 18th | Super Micro Computer (SMCI.USA) pre-market trading surged over 18%, reaching $21.95. On the news front, sources revealed that Super Micro Computer plans to submit a compliance plan to Nasdaq before Monday to maintain its stock market trading qualifications. Previously, the company requested an extension due to needing more time to submit the latest quarterly earnings report. In the documents submitted to the U.S. Securities and Exchange Commission, Super Micro Computer disclosed that its special committee has completed the preliminary investigation into the concerns raised by former auditor Ernst & Young and anticipates that other ongoing work will soon be completed. In addition, the company stated the need for more time.
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