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Super Micro Computer (SMCI) shares jumped as much as 29% in premarket trading following the company’s submission of a compliance plan to the SEC to prevent delisting from the Nasdaq, Yahoo Finance's Laura Bratton reported.
Anticipation of the filing drove a 16% surge in Super Micro's stock. I Photo: Supermicro X
The AI server manufacturer reassured investors that it is on track to file delayed periodic reports and meet Nasdaq's listing requirements within the discretionary timeframe granted by the exchange.
The news comes after a Friday report from Barron’s highlighted the impending compliance plan. Anticipation of the filing drove a 16% surge in Super Micro's stock.
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