Super Micro Soars After Hiring New Auditor in Bid to Stay Listed

Super Micro Computer Inc. shares gained 31% Tuesday, the most since February, after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements.

The server maker said late Monday that it submitted a plan to the Nasdaq exchange for filing its 10-K financial disclosure report delayed in August. The company also announced that it appointed BDO USA as its independent auditor, effective immediately.

“In its compliance plan to Nasdaq, the company indicated that it believes that it will be able to complete its annual report on Form 10-K for the year ...