SMCI DEADLINE NOTICE: Super Micro Computer Investors are Running Out of Time
What's Happening?
Super Micro Computer, Inc. (SMCI) recently announced that they will be delisting from the Nasdaq Stock Market on May 12, 2023. This means that SMCI's stock will no longer be traded on the Nasdaq exchange after that date.
What Does This Mean for Investors?
If you are an investor who currently owns SMCI stock, you have two options:
- Sell your SMCI stock before May 12, 2023
- Hold your SMCI stock and receive cash for it on May 12, 2023
If you choose to sell your SMCI stock, you should do so before May 12, 2023 to avoid any potential losses. If you choose to hold your SMCI stock, you will receive cash for it on May 12, 2023. The price per share that you will receive will be determined by the closing price of SMCI stock on May 11, 2023.
Why is SMCI Delisting?
SMCI is delisting from the Nasdaq Stock Market because it no longer meets the minimum requirements for continued listing. These requirements include having a minimum number of shares outstanding and a minimum market capitalization.
SMCI's decision to delist is not a reflection of the company's financial health. SMCI is a profitable company with a strong balance sheet. However, the company has been facing some challenges in recent years, including the global chip shortage and the COVID-19 pandemic.
What Should Investors Do?
If you are an investor who currently owns SMCI stock, you should carefully consider your options and make a decision that is in your best financial interests. You should also consult with a financial advisor to get professional advice on what to do.