TMTPOST -- Super Micro Computer (SMCI) announced in a filing with the Securities and Exchange Commission (SEC) late Monday that it has submitted a compliance plan to avoid being delisted from the Nasdaq. The company stated that its plan demonstrates it is on track to file its delayed reports with the SEC and become current with its periodic filings within the allowed timeframe set by Nasdaq staff. According to a report by Barron’s, Super Micro had planned to submit the compliance plan by Monday's deadline to prevent delisting. Following the announcement, Super Micro’s shares surged more than 25% in after-hours trading, building on a 16% increase during regular trading on Monday. Despite the recent rally, Super Micro's stock has fallen around 65% over the past three months. After a dramatic 300% surge earlier this year, SMCI is now down over 20% for 2024.