(Bloomberg) — Super Micro Computer Inc. gained more than 20% in extended trading after it submitted outstanding financial reports to become compliant with Nasdaq Inc. rules, easing concerns risks that the server maker would be delisted.
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The company reported its 2024 fiscal year results Tuesday in a filing with the Securities and Exchange Commission. Separately, it filed financial statements for the quarters ended Sept. 30 and Dec. 31.
“While we filed all of the delinquent reports on or before Feb. 25, 2025, we expect to continue to face many of the risks and challenges related to previously being delinquent in our SEC reporting obligations,” Super Micro said.
The shares climbed to a high of $56.45 in late trading after closing at $45.54 in New York. Investors had grown anxious as the deadline approached — the stock had slipped 24% between Feb….
