Super Micro Computer Gets Nasdaq Extension Until February 25, 2025, Stock Surges

Dec 6, 2024, 10:44 PM

Super Micro Computer Inc. has been granted an extension by Nasdaq to file its delayed annual and quarterly reports. The company, which had previously received a notification in September about non-compliance with Nasdaq's listing rules, now has until February 25, 2025, to submit the required financial statements. This extension alleviates the immediate risk of delisting from the Nasdaq Global Select Market. Following the announcement, Super Micro's stock experienced an after-hours surge, rising to $50 per share, reflecting investor relief and optimism regarding the company's compliance efforts. The company's shares are currently 21% short with 105.60 million shares short and 150 million shares borrowed, indicating significant short interest.