Form 8-K · Current Report · Filed 2024-02-22
Super Micro Computer, Inc. Announces Proposed Offering of $1.5 Billion Convertible Senior Notes
On February 21, 2024, Super Micro Computer, Inc.
- Filer
- Super Micro Computer, Inc. SMCI · NASDAQ
- Filed
- Accession
- 0001375365-24-000015
- CIK
- 0001375365
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Details
announced its proposal to offer $1.5 billion of convertible senior notes due 2029, with an additional option for initial purchasers to buy up to $225 million more. The Company intends to use the net proceeds for general corporate purposes and to fund the cost of capped call transactions. The offering is subject to market conditions and other factors. Neither the 8-K filing nor the accompanying press release constitutes an offer to sell or a solicitation of an offer to buy the Convertible Notes or the Company's common stock issuable upon conversion of the Convertible Notes.
Items reported
Entry into a Material Definitive Agreement
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$73.42
Next session
+17.1%
Since filing
-61.3%
Latest close
$28.40
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SMCI reporting the same item, with the next session's move:
Exhibits (2)
About Super Micro Computer, Inc.
Super Micro Computer, Inc. is a prominent player in the field of computing and technology hardware solutions. It specializes in designing, developing, and manufacturing high-performance, high-efficiency server technology, offering a broad range of server systems, motherboards, and embedded computing systems. Its products are integral to the functioning of data centers, cloud computing environments, enterprise IT, artificial intelligence applications, and 5G infrastructure. The company's expertise in energy-efficient, green computing solutions is notable, catering to a clientele that values sustainability alongside performance. Super Micro Computer, Inc. serves a global market acknowledging the growing demand for robust computing power and connectivity solutions. It supports various industries including telecommunications, healthcare, financial services, and entertainment, adapting to diverse computational needs. Founded in 1993 and headquartered in San Jose, California, Super Micro Computer, Inc. plays a crucial role in the expansion and advancement of the computing sector. By delivering innovative products and technology, the company contributes to the scalable and efficient data processing needs that underpin modern digital advancements.
Never miss another SMCI filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.