Super Micro Computer (SMCI) 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 shares SMCI will remain listed pending the plan’s review. The stock rallied about 40% in the extended session Monday after the news.

Super Micro Computer was rising sharply Monday as investors awaited a planned filing that might allow the server maker to avoid being delisted.Super Micro shares were up 19% to $22.14 and were on track for their largest daily percentage increase since February,