Financing ·
Super Micro Computer, Inc. closed a depositary shares offering of 75,000,000 depositary shares, each representing a…
SMCISuper Micro Computer, Inc.
Super Micro Computer, Inc. closed a depositary shares offering of 75,000,000 depositary shares, each representing a 1/20th interest in a share of 7.00% Series A Mandatory Convertible Preferred Stock with a $1,000 liquidation preference. The offering was underwritten by J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC. The preferred stock is subject to automatic conversion into common stock at a future date. Super Micro Computer, Inc. provides high-performance server and storage solutions for data centers and AI workloads.