Super Micro gets Nasdaq listing extension, says it can file financials by February
Super Micro said it received a letter from Nasdaq informing the company of the extension to stay listed.
Embattled server maker Super Micro Computer said on Friday that it received an extension from Nasdaq, giving the company until February to maintain its listing on the stock exchange.
The stock rose 7% in extended trading.
Super Micro has been facing the potential of being delisted from the Nasdaq because it has yet to file audited year-end financials for the latest fiscal year and is also late with its quarterly results. With Friday's announcement, Super Micro has until at least Feb. 25 to get its U.S. Securities and Exchange Commission filings submitted and accepted.
"The Company's common stock will remain listed on the Nasdaq Global Select Market during the exception period," Super Micro said in a press release. "If the Company files all the required reports by February 25, 2025, the common stock will remain listed, so long as the Company remains in compliance with Nasdaq's listing rules."
Super Micro said it expects to be able to file the reports by the deadline.