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Non Compliance

All articles tagged with #non compliance

business1 year ago•1 min saved

Super Micro Faces Nasdaq Compliance Issues Amid Stock Surge and New Auditor

Super Micro Computer received a non-compliance notice from Nasdaq for failing to timely file its quarterly and annual reports with the SEC. Despite this, the company's stock rose 15% in morning trading. Super Micro has submitted a compliance plan to Nasdaq and hired BDO USA as its new auditor. The company, which collaborates with Nvidia on server systems, reported $7.12 billion in sales for fiscal year 2023. Super Micro has faced legal issues in the past, including a fine for exporting to Iran and a report by Hindenburg Research alleging accounting problems.

via Yahoo Finance|

#business #nasdaq #non-compliance

business1 year ago•1 min saved

Super Micro Computer Faces Nasdaq Notice Amid Stock Surge

Super Micro Computer (SMCI) has received a non-compliance notice from Nasdaq for failing to timely file its annual and quarterly reports with the SEC. The company has submitted a compliance plan to address the issue and has also amended its loan agreement to increase financial flexibility. Analysts have a Hold consensus on SMCI stock, which has declined over 10% in the past year, but see potential upside based on current price targets.

via TipRanks|

#business #financial-reports #nasdaq

international-relations2 years ago•0 min saved

"Russia's Oil Sales Defy Sanctions, Exceeding Price Cap"

Russia has defied sanctions by selling oil above the price cap, despite international restrictions. This move highlights Russia's non-compliance with imposed measures and raises concerns about the effectiveness of sanctions in curbing the country's actions.

via The Wall Street Journal|

#international-relations #non-compliance #oil