Super Micro hits up Evercore to raise capital: report
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- Super Micro Computer (NASDAQ:SMCI) has allegedly reached out to Evercore, an independent banking advisory firm, to help the company raise capital, according to a report by Bloomberg.
- “San Jose, California-based Super Micro is weighing a potential private investment in public equity, or PIPE, and is approaching private equity firms to gauge their interest in participating,” the report said, citing unnamed sources familiar with the matter.
- Last week, Super Micro received a letter from Nasdaq informing the company that Nasdaq has granted its request for an extension, as it works to maintain its listing on the stock exchange.
- The extension gives the company until February 25, 2025, to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Report on Form 10-Q for the period ended Sept. 30, 2024, and any other required filings.
- Seeking Alpha reached out to Super Micro for comment.