Super Micro Computer hired a new auditor Monday after its previous one, Ernst & Young, quit in the middle of an engagement.
The Silicon Valley-based company, which touts a close relationship with AI stock-rocket Nvidia, had risked being delisted from the Nasdaq after failing to file both an annual and quarterly report on time. Its previous grace period with the exchange would have run out next week.
But after hiring BDO, Super Micro submitted a plan to Nasdaq to comply with exchange-listing rules and issue audited financials.
A spokesperson from Super Micro told Fortune in a statement: “As we previously disclosed, Supermicro intends to take all necessary steps to achieve compliance with the Nasdaq continued listing requirements as soon as possible.”
In a statement, Super Micro CEO Charles Liang welcomed its new auditor, BDO USA, on Monday. “BDO is a highly respected accounting firm with global…
