**Super Micro Computer Approaches Critical Deadline Amid Ongoing Troubles**

Investors of Super Micro Computer (Nasdaq: SMCI) are on edge as the company's stock continues to decline, with a major compliance deadline looming. Shares of the storage technology giant plummeted further on Thursday, reflecting growing concerns about its future on the stock exchange.

In early November, Super Micro informed investors that it was not in compliance with Nasdaq's listing rules due to its failure to submit its annual Form 10-K to the U.S. Securities and Exchange Commission (SEC). This crucial filing, required by law, was expected to be turned in—or a compliance plan devised—within 60 days of receiving Nasdaq's notice on September 17, setting a deadline of November 16.

As of Thursday afternoon, the company has neither filed the 10-K nor publicly confirmed whether it has submitted a compliance plan to Nasdaq. When reached for comment, a spokesperson for Super Micro reaffirmed the company's intention to meet Nasdaq's continued listing requirements as swiftly as possible.

The stakes are high, as non-compliance could lead to Super Micro being delisted, though the company stated it would have the opportunity to appeal if Nasdaq rejects its plan.

Adding to the company's woes, SMCI stock dropped an additional 12% on Thursday, falling below $18 per share. This marks a staggering 77% decline over the past six months, a descent triggered by an August report from Hindenburg Research that flagged significant issues with Super Micro's accounting practices. Subsequent reports in September revealed that the company was under investigation by the Department of Justice (DOJ).

In October, Super Micro faced further setbacks when its accounting firm, EY, resigned, stating it was unwilling to associate with the company’s financial statements. Super Micro disagreed with EY's decision and is currently seeking a new accounting firm. Consequently, the company has struggled to provide the routine financial data required by the SEC. This week, Super Micro stated it would not be able to submit certain documents on time and reiterated its ongoing search for a new accounting partner.