Supermicro announces USD 5 billion follow-on share offerings to fund AI server orders

Super Micro Computer, Inc.

Super Micro Computer, Inc.

SMCI

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  • Super Micro Computer announced $7 billion of equity and equity-linked financings to fund component purchases tied to about $39 billion of recent AI server orders.
  • Plan includes $5 billion of underwritten public offerings: $1.25 billion of common stock, $3.75 billion of depositary shares tied to Series A mandatory convertible preferred.
  • Also disclosed an equity distribution agreement for an up to $2 billion at-the-market common stock program, expected to start no earlier than Q3 2026.
  • Depositary shares represent 1/20th of preferred stock with $1,000 liquidation preference, set to auto-convert around June 1, 2029.
  • J.P. Morgan, Goldman Sachs, Citigroup lead the offerings; Super Micro seeks to list depositary shares on Nasdaq under SMCIP.


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