Taiwan - gamebastion.com
Taiwan

Super Micro Computer (SMCI) Tries To Avoid A Potential Delisting By Seeking Additional Time To File Its Annual Report

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Super Micro Computer (SMCI), a retailer of high-performance servers and liquid-cooled AI racks, could not have finalized its annual report for the year that ended on the 30th of June, 2024, without engaging another auditor, given the fact that Ernst & Young (EY) unceremoniously quit towards the end of October. Now, SMCI is leveraging this resignation and the need to again conduct a comprehensive audit by a newly engaged firm as the basis for seeking relief under the Nasdaq exchange's delisting rules.

To wit, Super Micro Computer has now filed a Form NT 10-Q, explaining why its much-delayed annual report could not be filed by the 16th of November deadline given by the Nasdaq exchange. Moreover, the firm has sought additional time under the Rule 12b-25(b) by detailing the following reasons for the inordinate delay:

Related Story Super Micro Computer (SMCI) Reportedly Drops The Ball On A “Huge” Order For NVIDIA’s NVL72 GB200 Chips, Prompting A Taiwanese Company To Pick Up The Tab
  1. Super Micro Computer needs additional time to "select and engage" a successor audit firm.
  2. More time is needed for the company's management "to complete its assessment of the effectiveness of its internal controls over financial reporting as of June 30, 2024."
  3. The successor audit firm will need additional time to conduct its audit of the financial statements pertaining to the FY 2024 and Q1 2025.

Bear in mind that Super Micro Computer had until the 16th of November to either file the requisite annual report or come up with a plan to regain compliance with Nasdaq's rules. Given the reasons enunciated by the company today, it is up to the Nasdaq exchange now to either accept SMCI's petition for additional time or go for a formal delisting.

Super Micro Computer's troubles began in August when Hindenburg Research detailed a litany of malpractices at the firm

UPS Ball NVIDIA Research reports Investigations
wccftech.com

Все новости дня

digitaltrends.com
All upcoming video games (PS5, Xbox, Switch, PC): 2024, 2025 and beyond
Keeping track of every new video game release is a nearly impossible task. Ggames are constantly being announced, delayed, rereleased on new platforms, remastered, canceled — you get the point. With the upcoming games lineup constantly shifting on PC, Switch, Xbox Series X, PlayStation 5 and mobile, it can be hard to find games to look forward to playing (and to budget for) in the coming months.
BeyondSimulationSTARSWarVideostrack
digitaltrends.com
Sonic Rumble is a fun battle royale, but an oddly slow Sonic spinoff
True to its titular hedgehog’s ethos, the Sonic series never slows down. After releasing what might be the franchise’s best game in decades, Sonic X Shadow Generations, yet another new game is set to launch this winter. Sonic Rumble will turn the series into a free battle royale game that takes some clear notes from Fall Guys: Ultimate Knockout. It’s an elimination game that’s more about clearing platforming minigames and collecting rings than combat.
Giovanni ColantonioPlatformMobileRacingUPSfunVideosrights
gamesradar.com
Baldur's Gate 3 dev begs console players to exercise modding restraint, because a new hotfix is about to make your saves temporarily unplayable if you have 100+ installed
Baldur's Gate 3's official mod support has been a massive success, with 50 million mod downloads as of the end of October, but Larian has now gently advised console players that you can, in fact, have too many.
RPGTwitterMaximperformerrecommendationsinformationprevention
gamesradar.com
Sonic the Hedgehog's associate lore manager shares an important correction: Sonic is still homeless and "always has been"
Did you know Sonic the Hedgehog was homeless? I'll be honest, I'd never really given it much thought until today. Where do the characters in video games go when I turn the game off? I don't know, I don't really care. Maybe that makes me heartless, but not as heartless as Chris Hernandez, the Sonic lore manager who reaffirmed that Sonic is, indeed, without a home, after an incorrect draft of a comic made it to publication and dared to give the blue blur a home to call his own.
county GreenAdventureBURSTVideosbluesreports
gamesradar.com
No! Stay with me! – Rare and valuable sneak peeks into countless Steam games could dry up as "private branches" spread on SteamDB
Steam is seemingly making it harder for fans to keep an eye on the behind-the-scenes updates of some games, as it's now rolling out a way for developers to keep app info private, preventing third-party database SteamDB from tracking them properly.
UPSUpdatesrecordtrackinformationprevention
gamesradar.com
Recreating a 36-year-old JRPG classic put a mountain of pressure on the Dragon Quest 3 remake devs: "If this fails, I won't be able to stay in the industry"
Even after 36 years, Dragon Quest 3 remains one of the most beloved JRPGs out there. And if you thought remaking it for a modern audience might put a heap of pressure on the developers at Square Enix's Team Asano, you'd be right.
ArtAwaremountaineeringclassicalaudiencetravelersrights
gamesradar.com
I don't usually see gift card deals like this until the very end of Black Friday
Every year, right at the end of Black Friday, the same listings start popping up on my screen. Gift card deals are pretty popular once the main event has stalled to a close, as shoppers look to take advantage of additional digital sales from their console's storefront. I didn't expect to see the same kinds of offers landing on my desk half way through the month, though.
UPSDigitalCOSTSonyrights
news.blizzard.com
Catch up on the Future of Warcraft with the Warcraft 30th Anniversary Direct!
It’s a big year for the Warcraft universe, and whether you’re a Hearthstone fan, you’ve joined the chaos in Warcraft Rumble, ventured into the world of Azeroth for the first time in Warcraft: Orcs and Humans, or you’re a World of Warcraft player, there’s something for everyone in our Warcraft 30th Anniversary Direct stream. Join us for a celebration as we dip into the mana pool of nostalgia and cast far sight on the future of all things Warcraft.
WarcraftAdventureUPSHearthstoneUpdatesCelebrityclassical
news.blizzard.com
Join Our 2.1 PTR Campfire Chat
Our next Campfire Chat begins on November 21, at 11 a.m. PST and gives a preview of the 2.1 Public Test Realm (PTR) for our upcoming Season. Join members of the development team as they reveal how to access, and what to expect in this next Public Test Realm available to PC BattleNet users.
UPSTikTokUpdatesDiabloVideostesting
 This page might use cookies if your analytics vendor requires them.