Super Micro Appoints New Auditor to Avert Nasdaq Delisting

The company hires BDO USA and submits a compliance plan to maintain its stock exchange listing.

Super Micro Computer has engaged BDO USA as its new independent auditor following Ernst & Young's resignation due to concerns over governance and financial reporting.
The company has submitted a compliance plan to Nasdaq to address its delayed financial filings and avoid potential delisting.
Super Micro's stock surged by approximately 30% in premarket trading as investors reacted positively to the news of the compliance plan and new auditor.
The server maker aims to complete its overdue annual and quarterly reports within the discretionary period allowed by Nasdaq, potentially extending its deadline to February.
Super Micro has faced a turbulent year with allegations of accounting manipulation and a Department of Justice investigation, contributing to a significant drop in its stock price from earlier highs.