Super Micro Computer (NASDAQ:SMCI) jumped over 78% this week after the artificial intelligence server maker appointed BDO USA as its new independent auditor and submitted a compliance plan with the Nasdaq.

Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its shares surging 25% in extended trading.

The Details: Super Micro, in the compliance plan, said it believes it will be able to file both its 2024 fiscal-year earnings and its 2025 fiscal-year first-quarter earnings within Nasdaq’s acceptable discretionary time.

The Nvidia-adjacent server maker hired BDO USA after its former auditor quit because it couldn’t trust the management team or the board of directors.

Super Micro Computer (NASDAQ:SMCI) stock surged over 17% in extended trading on Monday after the company said it has engaged an independent auditor and has submitted a compliance plan to Nasdaq. The company said it has engaged accounting firm BDO USA as its auditor,

The server maker said it believes it will be able to complete its annual report on Form 10-K within the discretionary period available to the Nasdaq staff to grant.

Super Micro Computer has appointed an independent auditor and submitted a plan with Nasdaq to comply with listing requirements. In a statement, Super Micro said its board engaged BDO USA, P.C. as its auditor,