Shares of Super Micro (SMCI) are moving higher after the company announced last night that it is now current with its Securities and Exchange Commission financial reporting obligations. Super Micro said it filed with the SEC its annual report for the fiscal year ended June 30, 2024 and its quarterly reports for the first quarter of fiscal 2025 ended September 30, 2024 and the second quarter of fiscal 2025 ended December 31, 2024. There were no restatements of previously filed financial statements, and the company received correspondence from the Nasdaq staff that it has regained compliance with the filing requirements, and the matter is now closed. “With our financial reporting now current, we can now fully focus on executing our proven winning growth strategy through technology, product and solution innovations, time-to-market advantage, global footprint, and green computing,” said Charles Liang, CEO of Super Micro. The stock in premarket trading is rising 23%, or $10.47, to $56.01.
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