Server manufacturer Super Micro Computer (SMCI.US) fell over 12% in pre-market trading on Monday, with reports stating that the company has hired investment bank Evercore ISI to assist in raising equity and debt capital.
According to a report by Bloomberg, Super Micro Computer is considering raising equity and debt to avoid being delisted after missing the deadline to submit its annual financial report. The company is weighing potential private investments in public equity (PIPE) and is in talks with private equity firms to assess their interest in participation.