Super Micro's New Auditor Boosts Stock Amid Nasdaq Delisting Concerns
Super Micro Computer has hired BDO USA as its new auditor after Ernst & Young resigned, risking the company's delisting from Nasdaq due to delayed financial reports. The company aims to comply with Nasdaq's listing requirements by submitting a plan to issue audited financials. This move follows a critical resignation letter from EY, citing issues with Super Micro's management and audit committee. Previously delisted in 2018, Super Micro rejoined Nasdaq in 2020, experiencing significant growth.