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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Super micro computer is approaching the critical delisting point next Monday, and the company stated that it would "take all necessary measures as soon as possible."
1. Since Super Micro Computer was included in the s&p 500 index on March 18, its market cap has evaporated by over 80%; 2. November 18 is the deadline for the company to submit audited financial reports or compliance plans to the nasdaq exchange; 3. The company responded that it will take all necessary measures as soon as possible to meet the ongoing listing requirements of the nasdaq.
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On November 15th ET, $Super Micro Computer(SMCI.US)$ had active options trading, with a total trading volume of 992.73K options for the day, of which put options accounted for 55.34% of the total
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Super micro computer has plummeted by 85%, with delisting risk looming?
FX168 Financial News (North America) reports that super micro computer (SMCI) may be delisted from the nasdaq exchange next Monday.