Super Micro warns it can't meet filing deadline to avert Nasdaq delisting, shares plummet
August 22, 2018 at 15:07 PM EDT
Shares of Super Micro Computer plunged more than 20 percent — hitting a five-year low — on Wednesday after the San Jose-based server technology company said it won't be able to file its 2017 annual financial report by the Nasdaq stock exchange's Aug. 24 deadline. As a result, Super Micro expects the Nasdaq to begin delisting proceedings and suspend the trading of its common stock.
