Shares of Super Micro Computer (SMCI) rose more than 18% in extended trading on Friday, following reports that the company is expected to submit a plan for its delayed annual report that could help it avoid a delisting.

A report from Barronsciting a person familiar with the matter, said the company plans to file the plan on Monday.

Supermicro said it received a letter from Nasdaq on September 17 warning it will be delisted if it does not file the delinquency report within 60 days or by November 16, making Monday the effective date for the filing.

The company said earlier this week that it would not be able to file its annual report on time, and that its first quarter filing would also be delayed, allowing more time to prepare statements and hire a new accountant after EY resigned. .

Supermicro’s shares have taken a hit in recent months due to regulatory concerns, following allegations of accounting manipulation and other issues. They were down more than 34% this year through Friday’s close.