Super Micro Computer Inc. Nasdaq Non-Compliance Update
Super Micro Computer (SMCI) has submitted a compliance plan to Nasdaq on November 18, 2024, requesting an extension to regain compliance with listing requirements. The company is currently non-compliant with Nasdaq rule 5250(c)(1) due to delays in filing both its 2024 Form 10-K and Q1 2025 Form 10-Q. SMCI believes it will be able to file both reports and become current with periodic filings within Nasdaq's discretionary period. The notification letter received from Nasdaq has no immediate effect on SMCI's listing or trading status on the Nasdaq Global Select Market.
Super Micro Computer (SMCI) ha presentato un piano di conformità al Nasdaq il 18 novembre 2024, richiedendo un'estensione per ripristinare la conformità ai requisiti di quotazione. Attualmente, l'azienda non è conforme alla regola 5250(c)(1) del Nasdaq a causa di ritardi nella presentazione sia del suo Modulo 10-K 2024 che del Modulo 10-Q Q1 2025. SMCI crede di poter presentare entrambi i rapporti e diventare attuale con le presentazioni periodiche durante il periodo discrezionale del Nasdaq. La lettera di notifica ricevuta dal Nasdaq non ha effetto immediato sulla quotazione o sullo stato di trading di SMCI nel Nasdaq Global Select Market.
Super Micro Computer (SMCI) ha presentado un plan de cumplimiento a Nasdaq el 18 de noviembre de 2024, solicitando una extensión para recuperar el cumplimiento de los requisitos de listado. Actualmente, la empresa no cumple con la regla 5250(c)(1) de Nasdaq debido a retrasos en la presentación tanto de su Formulario 10-K 2024 como del Formulario 10-Q Q1 2025. SMCI cree que podrá presentar ambos informes y ponerse al día con las presentaciones periódicas dentro del período discrecional de Nasdaq. La carta de notificación recibida de Nasdaq no tiene efecto inmediato en el estado de listado o negociación de SMCI en el Nasdaq Global Select Market.
슈퍼 마이크로 컴퓨터(SMCI)는 2024년 11월 18일 나스닥에 준수 계획을 제출하며 상장 요건을 충족하기 위한 연장을 요청했습니다. 현재 회사는 2024년 Form 10-K와 2025년 1분기 Form 10-Q 제출 지연으로 인해 나스닥 규정 5250(c)(1)과 비준수 상태입니다. SMCI는 두 보고서를 제출하여 나스닥의 재량 기간 내에 정기 제출을 정상화할 수 있을 것이라고 믿고 있습니다. 나스닥에서 받은 통지 편지는 SMCI의 나스닥 글로벌 선택 시장에서의 상장이나 거래 상태에 즉각적인 영향을 미치지 않습니다.
Super Micro Computer (SMCI) a soumis un plan de conformité à Nasdaq le 18 novembre 2024, demandant une prolongation pour rattraper sa conformité aux exigences de cotation. L'entreprise n'est actuellement pas conforme à la règle 5250(c)(1) de Nasdaq en raison de retards dans le dépôt de son Formulaire 10-K 2024 et du Formulaire 10-Q T1 2025. SMCI pense pouvoir déposer les deux rapports et se mettre à jour avec les dépôts périodiques dans le délai discrétionnaire de Nasdaq. La lettre de notification reçue de Nasdaq n'a aucun effet immédiat sur le statut de cotation ou de négociation de SMCI sur le Nasdaq Global Select Market.
Super Micro Computer (SMCI) hat am 18. November 2024 einen Compliance-Plan bei Nasdaq eingereicht und um eine Fristverlängerung zur Wiederherstellung der Einhaltung der Listungsanforderungen gebeten. Das Unternehmen ist derzeit aufgrund von Verzögerungen bei der Einreichung sowohl seines 2024 Form 10-K als auch des Q1 2025 Form 10-Q nicht konform mit der Nasdaq Regel 5250(c)(1). SMCI ist zuversichtlich, beide Berichte einreichen und innerhalb des Ermessenszeitraums von Nasdaq wieder aktuell sein zu können. Der Benachrichtigungsbrief von Nasdaq hat keine unmittelbare Auswirkung auf den Listungs- oder Handelsstatus von SMCI am Nasdaq Global Select Market.
- No immediate impact on stock listing or trading status
- Company has submitted compliance plan to Nasdaq
- Company expects to file required reports within extension period
- Failed to file 2024 Form 10-K (due August 29, 2024)
- Failed to file Q1 2025 Form 10-Q (due November 12, 2024)
- Non-compliance with Nasdaq listing requirements
Insights
This Nasdaq non-compliance notice represents a significant regulatory challenge for SMCI. The company is now delayed in filing both its annual 10-K and quarterly 10-Q reports, which raises concerns about financial transparency and internal controls. While the stock continues trading for now, the situation requires careful monitoring.
The submission of a compliance plan on November 18 indicates SMCI is actively working to address these issues. However, delays in financial reporting often signal underlying complexities in accounting or internal processes that require thorough investigation. The discretionary period granted by Nasdaq typically extends up to 180 days, giving SMCI time to resolve these matters, but continued non-compliance could eventually lead to delisting proceedings.
The repeated use of Form 12b-25 filings for both reports suggests systematic delays rather than isolated incidents, which warrants heightened scrutiny from investors. The impact on market confidence could be substantial, particularly given SMCI's recent growth and market position in the AI infrastructure space.
Consistent with prior announcements, and in accordance with Nasdaq marketplace rules, the Company today announced that the Company received a notification letter from Nasdaq (the “Letter”) stating that the Company is not in compliance with Nasdaq listing rule 5250(c)(1), which requires timely filing of reports with the
The Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market.
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate, among other things, to the timing of the filing of the 2024 Form 10-K and Q1 2025 Form 10-Q. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings.
About Super Micro Computer, Inc.
Supermicro (Nasdaq: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
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Investor Relations Contact:
email: ir@supermicro.com
Source: Super Micro Computer, Inc.
FAQ
Why is Super Micro Computer (SMCI) not compliant with Nasdaq requirements?
Will SMCI be delisted from Nasdaq due to non-compliance?
When did SMCI submit its compliance plan to Nasdaq?
