Super Micro Computer shares rose 3% Thursday after the server maker completed an independent review into allegations involving the diversion of export-controlled products.

The inquiry, overseen by independent directors Scott Angel and Tally Liu, examined transactions cited in a federal indictment as well as other sales involving restricted products. Investigators found no evidence that current senior executives knew about an alleged diversion scheme or that the company directly supplied controlled goods to known restricted parties or locations.

The review also found no basis to question previously released financial statements in connection with the alleged product diversion. Munger, Tolles & Olson conducted the investigation with AlixPartners providing forensic accounting support.

Super Micro said recommendations from independent directors to strengthen export controls have been fully adopted. The company has also been working with Taiwanese authorities on measures related to preventing illegal shipment of its server technology.

The investigation followed federal allegations against three individuals linked to the company's operations. Two defendants have pleaded not guilty, while another remains at large.

The findings may ease some investor concerns around governance and export compliance, though the legal proceedings remain unresolved.