UPDATE 1-Super Micro Computer plans to raise $7 billion in equity offerings

Super Micro Computer, Inc.

Super Micro Computer, Inc.

SMCI

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Adds details in paragraph 2-3, share move in paragraph 4

- Super Micro Computer SMCI.O on Tuesday said it plans to raise $7 billion in a series of equity and equity-linked financing transactions as part of its plan to fund the purchase of components to satisfy AI orders.

The financing package will include sale of about $3.75 billion in depositary shares and $1.25 billion in common stock to underwriters.

Super Micro also plans to sell shares worth up to $2 billion in an at-the-market offering no earlier than the third quarter this year.

Shares of the AI server maker fell 11.4% in extended trading.