The report from Supermicro, which has been through a series of financial reporting setbacks, offered some good news and helped boost investor confidence. As a result, the stock was up 15.6% as of 10:23 a.m. ET.

This morning, Super Micro announced the findings of its special committee’s audit. The findings by Cooley LLP and forensic accounting experts from Secretariat Advisors, LLC, reported no evidence of misconduct by management or the Board of Directors. Most importantly, the company will have no restatement of financials.

Shares of Super Micro Computer (SMCI) (SMCI) soared 23% on Monday morning following the announcement that an independent special committee had concluded its investigation into the company’s operations and found no evidence of misconduct by the company’s management or Board of Directors.