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In a devastating development for Super Micro Computer (NASDAQ: SMCI) bulls, the company’s request for additional time to file its requisite financial statements has been rejected, paving the way for the stock’s delisting from the exchange.
SUPER MICRO COMPUTER: RECEIVED LETTER FROM NASDAQ THAT CO IS NOT IN COMPLIANCE WITH NASDAQ LISTING RULE 5250(C)(1)
— First Squawk (@FirstSquawk) November 20, 2024
To wit, as per the reports that are just trickling in, Super Micro Computer has received an official letter from the Nasdaq exchange, wherein the company was found “not in compliance with Nasdaq listing rule 5250(C)(1).”
In the accompanying filing with the SEC, Super Micro Computer has disclosed:
“On November 19, 2024, the Company received a notification…
