Supermicro Announces Pricing of Public Offering of Common Stock

Super Micro Computer, Inc. announced the pricing of its previously announced underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $875 per share.

Additionally, it has granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock at the public offering price, less underwriting discounts and commissions.

The gross proceeds are expected to be $1.75 billion before deducting underwriting discounts, commissions and estimated offering expenses, and assuming no exercise of the underwriter’s option to purchase additional shares.

The offering is expected to close on or about March 22, 2024, subject to customary closing conditions.

The company currently intends to use the proceeds from the offering to support its operations, including for purchase of inventory and other working capital needs, manufacturing capacity expansion and increased R&D investments.

Goldman Sachs & Co. LLC is acting as sole underwriter and sole book-running manager for the offering.