regulatory
confidence high
sentiment negative
materiality 0.90
SMCI receives Nasdaq delisting notice for delayed 10-K and 10-Q filings
Super Micro Computer, Inc.
- Nasdaq notified SMCI on Nov 19 of non-compliance with Listing Rule 5250(c)(1) due to delayed 10-K (due Aug 29) and Q1 10-Q (due Nov 12).
- SMCI submitted a compliance plan on Nov 18; believes it can file overdue reports within Nasdaq discretionary period.
- No immediate effect on listing or trading of SMCI common stock on Nasdaq Global Select Market.
- Entered amendments with E.SUN Bank extending FY2024 financial review to Dec 31, 2024; also amended Cathay Bank loan reducing revolving line to $458,000.