There's one factor at play that could hurt Super Micro's chances of an extension. The exchange considers whether the company has any history of being out of compliance with SEC regulations.
Between 2015 and 2017, Super Micro misstated financials and published key filings late, according to the SEC. It was delisted from the Nasdaq in 2017 and was relisted two years later.
Super Micro "might have a more difficult time obtaining extensions as the Nasdaq's literature indicates it will in part 'consider the company's specific circumstances, including the company's past compliance history' when determining whether an extension is warranted," Wedbush analyst Matt Bryson wrote in a note earlier this month. He has a neutral rating on the stock.