(Reuters) – Super Micro Computer said on Friday it had received an extension from Nasdaq until Feb. 25 to file its delayed annual and quarterly reports, sending shares of the AI server maker up 5% in the prolonged exchanges.
Last month, Super Micro appointed BDO USA as auditor and submitted a compliance plan to the exchange to file its annual and quarterly reports, after its listing was threatened due to its failure to file its annual report in August.
The company cited in August the need to evaluate “its internal controls over financial reporting” to explain the delay, a day after Hindenburg Research revealed a short position.
Super Micro said Friday it plans to file all required reports by Feb. 25, in order for the stock to remain listed on Nasdaq.
The company's AI servers with liquid cooling technology are seeing strong demand from businesses looking for hardware that can power artificial intelligence applications.
Super Micro launched a search for a new CFO on Monday, based on recommendations made by a special committee formed to review its accounting practices.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta)
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