Super Micro Computer (SMCI) Tries To Avoid A Potential Delisting By Seeking Additional Time To File Its Annual Report

Super Micro Computer (SMCI), a retailer of high-performance servers and liquid-cooled AI racks, could not have finalized its annual report for the year that ended on the 30th of June, 2024, without engaging another auditor, given that Ernst & Young (EY) unceremoniously quit towards the end of October. Now, SMCI is using this excuse and the need to again conduct a comprehensive audit by a newly engaged firm as the basis for seeking relief under the Nasdaq exchange's delisting rules. To wit, Super Micro Computer has now filed a Form NT 10-Q, explaining why its much-delayed annual report could not […]