Supermicro has engaged BDO USA as its new auditor, marking a significant step in addressing accounting concerns that threatened its Nasdaq listing.
'We are pleased to welcome BDO as Supermicro's independent auditor,' stated CEO Charles Liang, underscoring the importance of this transition for compliance and financial accuracy.
Supermicro has submitted a compliance plan to Nasdaq as part of its effort to regain compliance, hoping to continue its listings without interruption.
Despite the challenges, Supermicro's shares rose by 29 percent in pre-market trading, reflecting positive investor sentiment amidst ongoing concerns.
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