Supermicro Gains Amid Nasdaq Extension

Shares of Super Micro Computer Inc. (SMCI) experienced a significant boost, jumping over 9% in premarket trading on Monday. This surge followed the announcement that Nasdaq had granted the company an extension until February 25 to submit its overdue annual and quarterly financial statements.

Last month, Supermicro appointed BDO USA as its new auditing firm and presented a compliance strategy to the stock exchange. This strategy detailed the company's plans to file its pending annual and quarterly reports, addressing delisting threats.

As of 4:38 am ET, SMCI's shares had risen by 9.49%, trading at $48.10.