Shares of Super Micro Computer (SMCI) climbed in early trading Monday, extending their rally on anticipation the company is preparing to submit a plan to avoid 澳洲幸运5官方开奖结果体彩网:being delisted from the 澳洲幸运5官方开奖结果体彩网:Nasdaq stock exchange.

Citing a person familiar, Barron's 澳洲幸运5官方开奖结果体彩网:reported Friday that the server manufacturer expects to be able to meet the deadline set by the Nasdaq by submitting a plan by Monday.

Gains Come After Hit From Delisting Concerns

The gains come after the stock took a hit in recent months from concerns about the company's stock being delisted after it delayed filing its annual report in August. The company 澳洲幸运5官方开奖结果体彩网:said it received a letter from the Nasdaq on Sept. 17 i🍰nforming Supermicro of a 60-day deadline to file the late report, with a weekend deadline leaving Monday the effective date.

Earlier this month, the company said it "remains unable at this time to predict" when it would file the delayed annual report. 澳洲幸运5官方开奖结果体彩网:Last week, Supermicro said its official first-quarter results would also be delayed, as it hires a new auditor to review its results after accounting firm EY resigned.

EY's resignation followed months of speculation about Supermicro's accounting after the annual report was delayed, and a report from 澳洲幸运5官方开奖结果体彩网:short seller Hindenburg Research 澳洲幸运5官方开奖结果体彩网:accused it of "accounting manipulation" and other violations.

Supeꦚrmicro shares were up over 18% after the market opened Monday, but still down more than 80% from highs in March.