Super Micro Computer Chief Executive Charles Liang stated on Tuesday that he is confident the technology company's stock will not be delisted from the Nasdaq. This public statement aims to reassure investors amidst ongoing concerns about the company's financial reporting compliance. Liang's comments reflect the company's internal belief in its ability to resolve the current issues.
The CEO's confidence follows the recent extension granted by Nasdaq, giving Super Micro until February 25, 2025, to file its delayed annual and quarterly reports. This period is critical for the company to finalize its audited financials and meet regulatory requirements. The management is actively working towards achieving full compliance.
While the company has taken steps to address its filing delays, including appointing a new auditor and submitting a compliance plan, the situation remains under close observation. Liang's assurance is intended to calm market anxieties surrounding the potential delisting. The focus remains on the successful submission of the overdue reports by the deadline.
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