Super Micro Computer Inc. Announces Receipt of Extension from Nasdaq Stock Market
Super Micro Computer, Inc. (NASDAQ:
SMCI) (“SMCI” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced that on December 6, 2024, it received a letter from the Nasdaq Stock Market ("Nasdaq") informing the Company that Nasdaq has granted the Company’s request for an exception to Nasdaq’s Listing Rule 5250(c)(1) through February 25, 2025. The exception gives the Company until February 25, 2025 to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Report on Form 10-Q for the period ended September 30, 2024 and any other required filings. The Company’s common stock will remain listed on the Nasdaq Global Select Market during the exception period. If the Company files all the required reports by February 25, 2025, the common stock will remain listed, so long as the Company remains in compliance with Nasdaq’s listing rules.
Quantum Computing Expected to be a Better Fit for Weather Forecasting as Latest Innovation is Changing the IndustryPALM BEACH, Fla. , Dec. 12, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Most industry insiders believe that Quantum Computing is potentially a better fit for weather forecasting than classical computers. It can perform advanced simulations more efficiently. It can be easily installed at locations around the globe. It can function efficiently when stored at high temperatures. It can store extensive data for better pattern recognition. One source said that Quantum computing is potentially a better fit for weather forecasting than classical computers because it can perform advanced simulations more efficiently, saying that: Quantum computing is a better fit because it has the potential to speedily process vast amounts of weather data and conduct analysis that is too complex for classical computers. The speed of the algorithms can allow the use of real time data to impact the predicting. Despite decades of continuously refining calculating power, directly forecasting the weather is still delicate. Quantum computers made it a bit easy however. The speed of the algorithms in quantum computing can permit the use of real-time data to influence the forecasting, and advanced weather prediction will help all industries, especially transportation, supply chain and logistics, and farming. A report from Astute Analytica added: “The weather forecasting services market is poised for exponential growth, driven by advancements in AI technology, increasing demand for accurate climate data, and expanding applications across agriculture, aviation, and disaster management. Businesses and governments alike are investing heavily, ensuring a robust and lucrative future for this essential industry. The global weather forecasting services market is projected to attain a valuation of US$ 11.6 billion by 2032 up from US$ 4.0 billion in 2023 at a CAGR of 12.6% during the forecast period, 2024–2032.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ:
ZENA), Quantum Corporation (NASDAQ:
QMCO), Super Micro Computer, Inc. (NASDAQ:
SMCI), Red Cat Holdings, Inc. (NASDAQ:
RCAT), Pure Storage (NYSE:
PSTG).
SUPERMICRO INVESTOR REMINDER: Scott+Scott Attorneys at Law LLP Investigates Super Micro Computer, Inc.’s Directors and Officers for Breach of Fiduciary Duties – SMCI
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Super Micro Computer, Inc. (“Supermicro”) (NASDAQ:
SMCI) breached their fiduciary duties to Supermicro and its shareholders.
Supermicro Announces Completion of Review by Independent Special Committee
Super Micro Computer, Inc. (Nasdaq: SMCI) (the “Company”), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced that the independent Special Committee formed by the Company’s Board of Directors has completed its review (the “Review”). As announced on August 30, 2024, the Board of Directors formed this committee in response to information that was brought to the attention of its Audit Committee.
Super Micro Computer Inc. Nasdaq Non-Compliance Update
As previously announced, Super Micro Computer, Inc. (Nasdaq:SMCI) (“SMCI” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, submitted a compliance plan to Nasdaq on November 18, 2024 with respect to supporting its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. In the compliance plan, the Company indicated that it believes it will be able to file both its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the “2024 Form 10-K”) and its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “Q1 2025 Form 10-Q”), and become current with its periodic filings within the discretionary period available to the Nasdaq staff to grant.
SUPERMICRO INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Super Micro Computer, Inc.’s Directors and Officers for Breach of Fiduciary Duties – SMCI
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Super Micro Computer, Inc. (“Supermicro”) (NASDAQ:
SMCI) breached their fiduciary duties to Supermicro and its shareholders.
Supermicro Announces Appointment of BDO USA as Independent Auditor and Filing of Compliance Plan with Nasdaq
Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced today that the Audit Committee of its Board of Directors has engaged BDO USA, P.C. (“BDO”) as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world’s top five accounting firms network with over 115,000 professionals across its global network and a recognized leader in audit and assurance.
Supermicro Announces an Update from the Independent Special Committee and First Quarter Fiscal Year 2025 Preliminary Financial Information
Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today provided an update from the independent Special Committee appointed by the Board of Directors and announced preliminary financial information for its first quarter of fiscal year 2025 ended September 30, 2024.
SUPER MICRO ALERT: Bragar Eagel & Squire, P.C. is Investigating Super Micro Computer, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmNEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Super Micro Computer, Inc. (NASDAQ:
SMCI) on behalf of long-term stockholders following a class action complaint that was filed against Super Micro on August 30, 2024 with a Class Period from August 10, 2021 to August 26, 2024. Our investigation concerns whether the board of directors of Super Micro have breached their fiduciary duties to the company.
Ademi LLP Investigates Claims of Securities Fraud against Super Micro Computer, Inc.
Ademi LLP is investigating possible securities fraud claims against Super Micro Computer (Nasdaq: SMCI). The investigation results from inaccurate statements Super Micro Computer may have made regarding its accounting, business operations and prospects.
CORRECTING and REPLACING Supermicro Schedules Conference Call and Webcast for First Quarter Fiscal 2025 Business Update
In the first paragraph, date of first quarter fiscal 2025 business update should read: November 5, 2024 (instead of November 5, 2025).
SMCI Investors Have Opportunity to Lead Super Micro Computer, Inc. Securities Fraud Lawsuit with the Schall Law FirmLOS ANGELES, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Super Micro Computer, Inc. (“Super Micro” or “the Company”) (NASDAQ:
SMCI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
SMCI Investors Have Opportunity to Join Super Micro Computer, Inc. Fraud Investigation with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Super Micro Computer, Inc. (“Super Micro” or “the Company”) (NASDAQ:
SMCI) for violations of the securities laws.
DEADLINE THIS WEEK: Berger Montague Advises Super Micro Computer (NASDAQ: SMCI) Investors to Contact the Firm Before October 29, 2024PHILADELPHIA, Oct. 27, 2024 (GLOBE NEWSWIRE) -- Securities fraud lawsuits have been filed against Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQ:
SMCI). The lawsuits have been filed on behalf of purchasers of Super Micro securities between February 2, 2021 and August 28, 2024, inclusive (the “Class Period”).
SUPER MICRO COMPUTER 96 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Super Micro Computer, Inc. - SMCI
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 29, 2024 to file lead plaintiff applications in securities class action lawsuits against Super Micro Computer, Inc. (“SMCI” or the “Company”) (NasdaqGS: SMCI), if they purchased the Company’s securities, including call options, as well as those that sold put options on Super Micro stock, between February 2, 2021 and September 25, 2024, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Northern District of California.
DEADLINE APPROACHING: Berger Montague Advises Super Micro Computer (NASDAQ: SMCI) Investors to Inquire About a Securities Fraud Class Action by October 29, 2024PHILADELPHIA, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQ:
SMCI) on behalf of purchasers of Super Micro securities between February 2, 2021 and August 28, 2024, inclusive (the “Class Period”).
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Super Micro Computer, Inc. (SMCI)
The Law Offices of Frank R. Cruz reminds investors of the upcoming October 29, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQ:
SMCI) securities between February 2, 2021 to September 25, 2024, inclusive (the “Class Period”).
SMCI Investors Have Opportunity to Lead Super Micro Computer, Inc. Securities Fraud Lawsuit with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Super Micro Computer, Inc. (“Super Micro” or “the Company”) (NASDAQ:
SMCI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Faruqi & Faruqi Reminds Super Micro Computer Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 29, 2024 - SMCIFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Super Micro Computer To Contact Him Directly To Discuss Their Options
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against GitLab, Outset Medical, ZoomInfo, and Super Micro and Encourages Investors to Contact the FirmNEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of GitLab Inc. (NASDAQ:
GTLB), Outset Medical, Inc. (NASDAQ:
OM), ZoomInfo Technologies Inc. (NASDAQ:
ZI), and Super Micro Computer, Inc. (NASDAQ:
SMCI). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
