Super Micro Computer (SMCI) shares slumped Monday morning as the stock feels the impact of a pair of headlines that came out after the bell Friday, including a potential capital raise and the 澳洲幸运5官方开奖结果体彩网:stock's removal from the 澳洲幸运5官方开奖结果体彩网:Nasdaq 100 Index.

The Nasdaq said Friday that Palantir (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON) would join the index starting next week, replacing Super Micro Computer, Moderna (MRNA), and Illumina (ILMN).

Super Micro is being replaced on the index 澳洲幸运5官方开奖结果体彩网:less than six months after it was added in July, as shares have lost 70% of their value entering Monday since closing at a record $118.81 in Marc༒h.

Along with the index removal, Bloomberg also reported Friday that Super Micro has hired investment banking advisory firm Evercore (EVR) to assist the server maker in raising capital. The raise could involve equity or debt, or take the form of an investment from a private equity company, Bloomberg reported.

The hardware manufacturer has raised capital once this year, as 澳洲幸运5官方开奖结果体彩网:it said in March that it would sel🌜l🌞 2 million new shares as it looked to raise $2 billion.

Super Micro shares have fallen in the second half of the year as the company has seen earnings reports 澳洲幸运5官方开奖结果体彩网:miss estimates, and has also 澳洲幸运5官方开奖结果体彩网:been the subject of a 澳洲幸运5官方开奖结果体彩网:short-seller's 澳洲幸运5官方开奖结果体彩网:report alleging accounting manipulation and 澳洲幸运5官方开奖结果体彩网:other issues, along with the 澳洲幸运5官方开奖结果体彩网:resignation of its last auditor. Super Micro also 澳洲幸运5官方开奖结果体彩网:delayed the filing of its annual report for its last fiscal year, and last week 澳洲幸运5官方开奖结果体彩网:received an extension for the filing to ensure the stock wouldn't be 💮delisted💟 from the Nasdaq.

Shares of the tech company were down mo🧸re than 11𝓡% in premarket trading Monday.