Super Micro Computer, Inc. ($SMCI) has engaged Evercore to assist in raising both equity and debt, as reported by Bloomberg. This move comes amid significant financial challenges for the company, which reported a staggering -$2.5 billion in free cash flow for the fiscal year ending June 30, 2024, including -$157 million for the June quarter. The decision to raise capital signals potential financial strain, with concerns that dilution from equity offerings and increased leverage could negatively impact investor confidence. Additionally, ongoing financial auditing is expected to add further scrutiny to the company's financial situation.