Only 3 days left! Will the super micro computer face a second delisting?
The super micro computer must submit the delayed 10-K annual report or submit a plan to submit forms to Nasdaq by Monday, November 18th to comply with the exchange regulations.
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Super micro computer is approaching the critical delisting point next Monday, and the company stated that it would "take all necessary measures as soon as possible."
1. Since Super Micro Computer was included in the s&p 500 index on March 18, its market cap has evaporated by over 80%; 2. November 18 is the deadline for the company to submit audited financial reports or compliance plans to the nasdaq exchange; 3. The company responded that it will take all necessary measures as soon as possible to meet the ongoing listing requirements of the nasdaq.
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What a Super Micro Computer Delisting Would Mean for Shareholders
Supermicro (SMCI.US) is required to submit a compliance plan by next Monday to avoid delisting.
Super Micro (SMCI.US) is facing a crucial deadline next Monday (18th), if the company fails to provide a viable compliance plan, nasdaq may initiate delisting procedures against it. Nasdaq warned Super Micro on September 17th of the risk of delisting, and the company has 60 days to submit a compliance plan to the exchange. Since the deadline falls on Sunday, the effective submission date is Monday. The stock has recently dropped nearly 2%, trading at $17.7, down 85% from its high in March of this year.
U.S. stock market abnormal movement | super micro computer falls more than 2%.
On November 15th, Nasdaq-listed super micro computer (SMCI.US) fell by more than 2%, closing at $17.5. In terms of news, super micro computer must submit the delayed 10-K annual report or submit a plan to Nasdaq by Monday, November 18th to comply with exchange regulations.
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