Super Micro enlists Evercore to explore capital raising options, Bloomberg reports

Super Micro Computer (NASDAQ:SMCI ) Inc is currently working with Evercore Inc to seek ways to raise capital, Bloomberg reported on Friday, citing people familiar with the matter.

The company is exploring various fundraising options, including both equity and debt, the report said, adding that urgency of the matter follows Super Micro's failure to meet an August deadline for filing its annual financial report.

This move comes as the San Jose, California-based company aims to stabilize its financial situation and avoid being delisted from the stock exchange.

Among the possibilities, Super Micro is considering a private investment in public equity (PIPE). This would involve the company reaching out to private equity firms to determine their interest in such an investment, the report added.





This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source: Investing.com