Super Micro said it will keep its Nasdaq listing while the exchange reviews its plan to regain compliance after it failed to file an annual report on time.

The company still faces many unknowns, but an analyst expects Nasdaq approval for Super Micro’s filing plan in two to five weeks.

Super Micro Computer Inc. shares jumped as much as 42% in premarket trading after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements.The server maker said it submitted a plan to the Nasdaq exchange for filing its 10-K financial disclosure report delayed in August.

Super Micro Computer has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors.The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30,

Super Micro Computer (SMCI) has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors. The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30,

Super Micro Computer shares were sharply higher on Monday as investors awaited a planned filing that might allow the server maker to avoid being delisted.In afternoon trading, Super Micro stock was up 23% to $22.

By Akash Sriram (Reuters) -Shares of Super Micro Computer soared about 23% in early trading on Tuesday, after the server maker sought an extension from Nasdaq for its delayed financial filings and appointed a new auditor as it looks to avoid being delisted.