BUZZ-Super Micro jumps after auditor appointment, Nasdaq compliance plan

Reuters11-19 17:45

** Shares of AI server maker Super Micro Computer jump 31.8% to $28.36 in premarket trading

** Shares saw their highest one-day pct gain since March 4, 2024 on Monday

** Co named BDO USA as its auditor and said it has submitted a plan to Nasdaq, seeking additional time to regain compliance with the listing rules

** Firm said it will be able to complete annual report for the year ended June 30 and quarterly report for period ended Sept. 30, but did not disclose a timeline

** Last week, co said it would delay filing its financial reports as it seeks a new auditor after Ernst & Young's resignation in October

** As of last close, stock was down 24.2% YTD

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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