Super Micro Computer (SMCI) shares soared over 18% in extended trading Friday following reports that the company is expected to file a plan for its delayed annual report that could help it avoid delisting.

A report from Barron's, citing a p💧𝔉erson familiar with the matter, said the company intends to submit the plan by Monday.

Supermicro said it 澳洲幸运5官方开奖结果体彩网:received a letter from the Nasdaq on Sept. 17 warning it would be delisted if it does not file the delinq♛uent report or submit a plan within 60 days, or by Nov. 16, making Monday the effective date for the submission. 

The company earlier this week said it would 澳洲幸运5官方开奖结果体彩网:nꦍot be aꦐble to submit its annual report on time, and that its first-quarter filing would be delayed as well, requiring more time to prepare the statements and hire a new auditor after EY 澳洲幸运5官方开奖结果体彩网:resigned from the job.

Shares of Supermicro have taken a hit in recent months on regulatory concerns following allegations of 澳洲幸运5官方开奖结果体彩网:accounting manipulation and other iജssues. They were down over 34% for the year through Friday’s close.