David Paul Morris/Bloomberg/Getty Images
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Shares of Super Micro Computer fell sharply Monday morning as the impact of two reports released late Friday spilled over into this week.
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The server maker is one of three stocks that will be removed from the Nasdaq 100 starting next week, as shares have lost 70% of their value since March.
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Bloomberg It also reported that Super Micro has hired Evercore to help the company raise capital.
super micro computer (SMCI) Shares fell Monday morning as the stock felt the impact of a pair of headlines released after the bell on Friday, including a potential capital raise and… Remove stock from the Nasdaq 100 index.
The Nasdaq stock exchange said on Friday that Palantir (Belter), micro strategy (MSTR), and the Exxon Foundation (AXON) will join the index starting next week, replacing Super Micro Computer and Moderna (mRNA), and Illumina (Elmen).
Super Micro is replaced in the index Less than six months After being added in July, shares had lost 70% of their value entering Monday since closing at a record high of $118.81 in March.
Along with removing the index, Bloomberg It also reported on Friday that Super Micro has hired investment banking advisory firm Evercore (IVR) to help the server maker increase capital. The raise could involve equity or debt, or take the form of an investment from a private equity firm. Bloomberg I mentioned.
The hardware maker has raised capital once this year she said in March It will sell two million new shares as it looks to raise $2 billion.
Super Micro shares fell in the second half of the year as the company saw earnings reports Missing estimatesAnd him too It was the topic From a Short seller Report allegedly Accounting manipulation and Other issuesalong with Resignation of its last auditor. Super micro too Delayed filing From its annual report for the past fiscal year and last week Received an extension To deposit to ensure that the stock is not delisted from the Nasdaq Stock Exchange.
Shares of the technology company fell more than 11% in pre-market trading on Monday.
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