The Recent Super Micro Computer (SMCI) Debt Covenant Change Hints At Further Annual Report Filing Delays

Super Micro Computer (SMCI), a retailer of high-performance servers and liquid-cooled AI racks, has effectively transitioned from a darling of the market and an emblem of the ongoing AI gold rush to a veritable pariah, all in a matter of just a few short weeks. Yet, the company's travails might still have further room to grow, if its latest debt covenant change is anything to go by. To wit, Super Micro Computer has now announced three major changes to its existing loan agreement with Cathay Bank: An extension in the date by which the audited financial statements for FY 2024 […]

Read full article at https://wccftech.com/the-recent-super-micro-computer-smci-debt-covenant-change-hints-at-further-annual-report-filing-delays/