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 soaring 27% in extended trading.

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 Inc. late Monday said it gave Nasdaq a “compliance plan” to support its request for a filing extension in order to keep its listing, and announced a new auditor. Super Micro shares will remain listed pending the plan’s review.

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.

Super Micro Computer Inc. shares jumped as much as 21% after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements.

Super Micro Computer (NASDAQ:SMCI) stock surged over 17% in extended trading on Monday after the company said it has engaged an independent auditor and has submitted a compliance plan to Nasdaq. The company said it has engaged accounting firm BDO USA as its auditor,