Super Micro Computer received an extension from the NASDAQ Stock Market to submit its annual report. This news provided noticeable relief among investors and led to a significant rise in the stock price.

As the company announced, the deadline for submitting the annual report for the fiscal year ended June 30, 2024, as well as the quarterly report for the period ended September 30, 2024, has been extended to February 25, 2025. NASDAQ approved this exception in accordance with Rule 5250(c)(1), thus securing the company's listing.

The extension of the deadline comes after a series of internal restructurings and challenges. In November, Super Micro appointed BDO USA as the new auditor after Ernst & Young had resigned the mandate. Previously, a report by short seller Hindenburg Research in August had led to delays in the publication of the annual report, prompting internal investigations.

The announcement of the deadline extension had an immediate positive effect on the stock price. On Friday, the stock rose 6.78 percent in regular trading on NASDAQ and added another 8.72 percent after hours to 47.76 US dollars. In premarket trading on Monday, the upward trend continued, with an increase of 7.19 percent to 47.09 US dollars.

Analysts consider the extension of the deadline as a decisive step to restore investor confidence. However, the coming months will be critical, as Super Micro must fully submit the required reports by the end of February 2025 to ensure compliance with NASDAQ regulations.