Super Micro Computer, Inc. Receives Non-Compliance Notice from NASDAQ

Details

(SMCI) received a notification letter from NASDAQ indicating non-compliance with NASDAQ Listing Rule 5250(c)(1) due to the delay in filing its Annual Report on Form 10-K for fiscal year 2024. The Form 10-K was due on August 29, 2024, and the Company filed a Form 12b-25 on August 30, 2024. NASDAQ has given the Company 60 calendar days to regain compliance or submit a plan for an exception up to 180 days. If the plan is not accepted, the Company can appeal to a NASDAQ hearings panel. The notice does not immediately affect the listing or trading of SMCI's common stock on NASDAQ.

Items reported

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About Super Micro Computer, Inc.

Super Micro Computer, Inc. is a prominent player in the field of computing and technology hardware solutions. It specializes in designing, developing, and manufacturing high-performance, high-efficiency server technology, offering a broad range of server systems, motherboards, and embedded computing systems. Its products are integral to the functioning of data centers, cloud computing environments, enterprise IT, artificial intelligence applications, and 5G infrastructure. The company's expertise in energy-efficient, green computing solutions is notable, catering to a clientele that values sustainability alongside performance. Super Micro Computer, Inc. serves a global market acknowledging the growing demand for robust computing power and connectivity solutions. It supports various industries including telecommunications, healthcare, financial services, and entertainment, adapting to diverse computational needs. Founded in 1993 and headquartered in San Jose, California, Super Micro Computer, Inc. plays a crucial role in the expansion and advancement of the computing sector. By delivering innovative products and technology, the company contributes to the scalable and efficient data processing needs that underpin modern digital advancements.