(Reuters) -Super Micro Computer said on Wednesday it would delay filing its financial report for the September quarter, as the AI ​​server maker searches for a new auditor amid a threat of delisting following its inability to submit its annual report.

The company’s shares fell about 4% in premarket trading. The stock is down 55% since Ernst & Young resigned as auditor in October after reporting concerns about the company’s governance, transparency and internal control over financial reporting.

Earlier this month, the company said a special committee set up to investigate issues raised by EY in late July had found no evidence of fraud.

Super Micro said Wednesday it needs more time to select and hire a new auditor and for management to complete its assessment of internal controls over financial reporting as of June 30, 2024.

On September 17, Nasdaq notified the company of non-compliance with listing rules and it had 60 days to file its annual report or submit a plan to restore compliance.

A partner of major chipmakers such as Nvidia and AMD, Super Micro’s shares have more than tripled in 2023, making it one of the biggest beneficiaries of the rise in AI-related stocks.

However, the stock has come under pressure this year due to concerns over its accounting practices, while Hindenburg Research disclosed a short position in August, alleging “accounting manipulation.”

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Varun HK and Sriraj Kalluvila)