Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its shares soaring 27% in extended trading.

Super Micro Computer has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors.The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30,

Super Micro Computer Inc. late Monday said it gave Nasdaq a “compliance plan” to support its request for a filing extension in order to keep its listing, and announced a new auditor. Super Micro shares will remain listed pending the plan’s review.

Super Micro Computer was rising sharply Monday as investors awaited a planned filing that might allow the server maker to avoid being delisted.Super Micro shares were up 19% to $22.14 and were on track for their largest daily percentage increase since February,

Super Micro Computer Inc. shares jumped as much as 21% after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements.

Through Friday, the stock had plummeted 84.4% since it closed at a record $118.81 on March 13, at the height of AI hype. At that record close, the stock had rocketed 318% to date

SMCI stock rose Monday as Super Micro Computer prepared to file a plan with the Nasdaq Stock Market to avoid being delisted.

Super Micro Computer (NASDAQ:SMCI) stock surged over 17% in extended trading on Monday after the company said it has engaged an independent auditor and has submitted a compliance plan to Nasdaq. The company said it has engaged accounting firm BDO USA as its auditor,

The stock has attracted attention as a winner from the artificial-intelligence boom that could be forced to delist its stock