Super Micro Computer (SMCI) Terminates Its Loan Agreements With Cathay Bank And The Bank Of America, Eliminating The Need To Furnish Its Financial Statements By The End Of 2024 Under The Loan Covenants ...Middle East

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Super Micro Computer (SMCI) Terminates Its Loan Agreements With Cathay Bank And The Bank Of America, Eliminating The Need To Furnish Its Financial Statements By The End Of 2024 Under The Loan Covenants
source : Wccf tech ( Middle East ) () 127
Super Micro Computer (NASDAQ: SMCI), a prolific retailer of high-performance servers and liquid-cooled AI racks, has seen its shares rally in recent days on expectations that the Nasdaq exchange would accept the company's proposed plan to regain compliance with mandatory listing requirements, thereby precluding a messy delisting process. Yet, SMCI's termination of two loan agreements now suggests that its financial statements will likely not be furnished anytime soon. For the benefit of those who might not be aware, the Nasdaq exchange had declared on the 20th of November that Super Micro Computer was "not in compliance with Nasdaq listing rule […]

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