Supermicro Stock Soars on Plan To Avoid Delisting

Key TakeawaysSuper Micro Computer shares soared in extended trading Monday after the company named a new auditor and filed a compliance plan to avoid delisting.The server maker said BDO USA would serve as its new auditor after EY resigned, and that it asked the Nasdaq for an extension to complete its delayed annual report.Supermicro had received a warning letter from the Nasdaq giving it until Monday to file or submit a plan for the delinquent report. Super Micro Computer (SMCI) shares soared in extended tr ...