(Reuters) – Super Micro Computer (NASDAQ:) said on Friday it has received an extension from the Nasdaq until Feb. 25 to file its delayed annual and quarterly reports, sending the AI server maker’s shares up 5 in extended trading % have increased.
Last month, Super Micro appointed BDO USA as its auditor and submitted a compliance plan to the stock exchange to file its annual and quarterly reports, after its stock listing was jeopardized when it failed to file its annual report in August.
The company in August cited the need to assess “its internal controls over financial reporting” because of the delay, a day after Hindenburg Research disclosed a short position.
Super Micro said Friday it expects to file all required reports by Feb. 25 for the stock to remain listed on the Nasdaq.
The company’s AI servers with liquid cooling technology are seeing strong demand from companies looking for hardware that can power artificial intelligence applications.
Super Micro on Monday began a search for a new finance chief based on recommendations from a special committee set up to investigate its accounting practices.
