Super Micro Computer Inc (NASDAQ:) shares jumped 9% after-hours Friday after the company announced that it had been granted an extension by the Nasdaq Stock Market to submit its overdue financial reports. The company received a letter from Nasdaq on December 6, 2024, allowing them until February 25, 2025, to file its Annual Report on Form 10-K for the fiscal year that ended on June 30, 2024, as well as its Quarterly Report on Form 10-Q for the period ending September 30, 2024, along with any other necessary filings. Super Micro’s common stock will continue to be traded on the Nasdaq Global Select Market throughout this extension period.
The extension follows recent news, including the appointment of BDO USA as its new auditor and the submission of a compliance plan to Nasdaq last month. In November, former auditing firm Ernst & Young resigned due to “concerns about several matters relating to governance, transparency and…
