Super Micro Computer stock is back on the rise after some positive news for the embattled tech giant

Could the tables finally be turning for Super Micro Computer?

Shares in the embattled tech giant are rising in early trading on Monday as investors eagerly await news that could impact its fate on the Nasdaq, where it has faced a potential delisting due to noncompliance.

As Fast Company reported last week, Super Micro (aka Supermicro) was required to either file a Form 10-K with the U.S. Securities and Exchange Commission (SEC) or submit a plan to Nasdaq for how it would regain compliance with the stock exchange. The 60-day deadline for that plan was this weekend, although the company may have until today to submit it.

As of Monday morning, Supermicro still has not shared additional specifics. A spokesperson told Fast Company last week that it “intends to take all necessary steps to achieve compliance with the Nasdaq continued listing requirements as soon as possible.”

According to a report from Barron’s, citing an anonymous source, Supermicro will submit the compliance plan today. We’ve reached out to the company again for additional comment. We’ve also reached out to Nasdaq for comment.

Either way, investors appear to like the news. As of the time of this writing, Supermicro stock (Nasdaq: SMCI) was up more than 12% in early trading, marking a sharp turnaround in its sagging share price, which has fallen almost 80% in the last six months.

Supermicro’s noncompliances issues appear to be related to accounting irregularities that were alleged in a report by Hindenburg Research in August. Two months after that report, the company disclosed that its accounting firm, EY, had resigned, leaving it unable to produce financial reports required by the SEC.