Supermicro's shares continue to decrease as it remains non-compliant with Nasdaq's listing rules, raising concerns over its future as a public company.
As of Thursday, Supermicro has not yet filed its 10-K form nor publicly stated if it has submitted a compliance plan, as the November deadline approaches.
Following a report by Hindenburg Research alleging serious 'red flags' regarding Supermicro's accounting practices, the company's stock has plummeted over 77% in the past six months.
The resignation of Supermicro's accounting firm EY, which stated it was 'unwilling to be associated' with the company's financial statements, added to investor concerns.
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