Super Micro Engages Evercore to Explore Capital Raising Options, Bloomberg Reports

According to a report based on sources close to the matter, Super Micro Computer Inc is currently working with Evercore Inc to explore options for raising capital.

The company is evaluating various fundraising options, including both equity and debt. The urgency of the situation stems from Super Micro's inability to meet its obligation to submit its annual financial report by the end of August.

This move comes as part of the San Jose, California-based company's efforts to stabilize its financial situation and avoid being delisted.

Among the possibilities being considered by Super Micro is a private investment in a public entity (PIPE), which involves reaching out to private equity firms to gauge their interest in such an investment.