Super Micro has engaged BDO as its auditor, replacing Ernst & Young, which resigned in October after it raised concerns regarding the company’s financial statements.

Super Micro said it will keep its Nasdaq listing while the exchange reviews its plan to regain compliance after it failed to file an annual report on time.

Super Micro Computer has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors.The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30,

Super Micro Computer stock (SMCI) surged more than 30% on Tuesday morning after the AI hardware company successfully maintained its Nasdaq (NDAQ) listing by hiring a new auditor. The move comes several weeks after the server company’s auditor,

Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its shares surging 25% in extended trading.

Supermicro has successfully resolved its financial reporting issues by appointing BDO as its new auditor and submitting a comprehensive plan to Nasdaq outlining steps to regain compliance with exchange regulations.

The Nvidia-adjacent server maker hired BDO USA after its former auditor quit because it couldn’t trust the management team or the board of directors.

Super Micro said on Monday that it hired BDO as its independent auditor. The stock, which as cratered since peaking in March, rose 23% in extended trading, continuing its rally from earlier in the day.