Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its shares surging 25% in extended trading.

Nasdaq sent Super Micro Computer (SMCI, Financials) a non-compliance notice on Wednesday for failing to file filings with the SEC on time. The business said it has sent Nasdaq a compliance plan detailing its estimated capacity to submit its quarterly report on Form 10-Q for the fiscal quarter ending Sept.

Super Micro named a new auditor in hopes of restoring investor confidence. Why its choice of accounting firms could raise new questions.

(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.