Super Micro Computer's Financial Troubles and Capital Raise
Super Micro Computer, the server maker, is facing financial troubles and is looking to raise fresh capital. The company has hired investment bank Evercore and is considering selling more shares as well as bonds. Super Micro has delayed filing its earnings and received an extension until Feb. 25 to avoid delisting from the Nasdaq. The stock has experienced significant fluctuations this year, reaching an all-time high of $119 in March and dropping as low as $18.