💨 Abstract

Super Micro Computer has appointed BDO USA as its auditor and submitted a plan to Nasdaq for additional time to regain compliance with listing rules, following a delay in filing its annual 10-K report due to internal controls assessment. The company's shares rose 15% in extended trading. The deadline for compliance could be extended to February next year, but the timeline appears tight after EY resigned as Super Micro's auditor in October.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖