**Super Micro Faces Key Deadline Amid Nasdaq Delisting Fears**

Super Micro Computer is on the verge of a critical deadline that could determine its future on the Nasdaq stock exchange. By Monday, the company must submit a plan of compliance to Nasdaq to avoid initiating the delisting process, following a turbulent period that has seen its stock value plummet by 85% since peaking in March.

The company's woes began over the summer when it failed to file its 2024 year-end report with the SEC, leading to a chain reaction of financial setbacks. Activist short seller Hindenburg Research accused Super Micro of accounting fraud and export control issues in August, adding to its mounting troubles. Further complicating matters, the company’s auditor, Ernst & Young, resigned in October, leaving Super Micro scrambling for a replacement.

Last week, investors anticipated clarity when Super Micro reported its preliminary quarterly results, but were left wanting. Without a comprehensive compliance plan and a timeline for filing the overdue report, Super Micro's future remains uncertain. This has amplified the concerns of both investors and customers, wary of aligning with a company under such scrutiny.

Should Super Micro's compliance plan prove satisfactory, the company could secure an extension up to 180 days to file its annual report. However, Nasdaq's history with Super Micro indicates this might be a challenging process. The company was delisted in 2017 for similar issues and reinstated two years later. This background could influence Nasdaq's decision regarding any extensions.

Adding to the tension, the company’s corporate governance and its handling of the late filing are under close examination. Last week, Super Micro asserted that its board had not found any wrongdoing. Nevertheless, the impact on customer confidence is already noticeable, as the company reported a slight dip in orders due to the ongoing issues.

Despite these setbacks, Super Micro continues to be a significant player in the AI server market, maintaining its relationship with Nvidia. The company’s future growth prospects are robust, with Wall Street expecting sales to soar to approximately $25 billion in fiscal year 2025.

As the Monday deadline approaches, all eyes are on Super Micro to see if it can present a viable plan to Nasdaq, securing its position on the exchange and stabilizing its business operations.