Super Micro Computer Inc.'s (SMCI) shares jumped by more than 9% during Monday's premarket trading following the news that Nasdaq granted the company an extension until February 25 to submit its overdue annual and quarterly financial statements.
Last month, Super Micro appointed BDO USA as its new auditing firm and presented a compliance strategy to the stock exchange, detailing how it plans to file its pending annual and quarterly reports amid delisting threats.
SMCI's shares added 9.49% at 4:38 am ET and sold for $48.10.
