Super Micro Computer (SMCI) Appoints A new Auditor, Formally Submits A Compliance Plan To Stave Off A Potential Nasdaq Delisting, And “Delivers Direct-Liquid-Optimized NVIDIA Blackwell Solutions”
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Super Micro Computer (SMCI), one of the leading suppliers of high-performance servers and liquid-cooled AI racks, has finally submitted a plan to regain compliance with the disclosure requirements stipulated by the Nasdaq exchange, paving the way for the embattled company to avoid a catastrophic delisting.
Related Story Super Micro Computer (SMCI) Tries To Avoid A Potential Delisting By Seeking Additional Time To File Its Annual Report
To wit, in a new filing, Super Micro Computer has revealed that its board has appointed BDO USA as the new auditor. Moreover, the company has also submitted a compliance plan to the Nasdaq stock exchange "to support its request for an extension of time to regain compliance with the Nasdaq continued listing requirements."
The company went on to note:
Bear in mind that Nasdaq has to formally accept this compliance plan for Super Micro Computer to avoid being booted off the tech-heavy exchange.
For the benefit of those who might not be aware, Super Micro Computer's capacity for deploying liquid-cooled AI racks is currently 18 months to 2 years ahead of its competitors such as Dell, HP, and Cisco. In fact, SMCI was, until recently, NVIDIA's third-largest customer. However, given the company's recent troubles, which include allegations of financial impropriety, a preliminary DOJ investigation, the exodus of its second auditor in around 18 months, and a potential de-listing from the Nasdaq exchange, SMCI recently halted the expansion of its major factory in Malaysia, one that would have doubled its production capacity to 10,000 server cabinets per month.
In other news, Super Micro Computer just announced the "highest-performing SuperCluster, an end-to-end AI data center solution featuring the NVIDIA Blackwell platform for the era of trillion-parameter-scale generative AI." SMCI believes that the new
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