Breaking - SMCI Drops Over 33% Pre-Bell as Independent Auditor Resigns

-4.97%

Super Micro Computer, Inc.

SMCI

32.33

-4.97%

Super Micro Computer, Inc.(SMCI.US) saw its shares plummet by over 33% in pre-market trading.

The company’s independent auditor, Ernst & Young, resigned due to concerns about the integrity of the board and the reliability of the financial statements.

In response, the board has established a special committee comprising members from Greenberg Traurig LLP and Secretariat Advisors to conduct an ongoing review.

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