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SAN JOSE, Calif. – Super Micro Computer, Inc. (NASDAQ: NASDAQ:), known as Supermicro, announced a public offering of 2,000,000 shares of its common stock at a price of $875.00 per share. The technology company expects to raise $1.75 billion in gross proceeds before underwriting discounts and fees. The offering is expected to close on March 22, 2024, subject to customary closing conditions.
In addition to the shares offered, Supermicro has granted shares to the underwriter, Goldman Sachs & Company (NYSE:). LLC, 30-day option to purchase up to 300,000 additional shares at the public offering price, subject to standard underwriting reductions.
The company plans to use the proceeds to support its operations, including purchasing inventory, expanding manufacturing capacity and increasing investment in research and development. These measures are aimed at strengthening the company's position in providing optimized IT solutions for various applications such as enterprise, cloud, AI, and 5G communications/edge IT infrastructure.
The offering is being made pursuant to an effective registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC) on March 19, 2024. Prospective investors will be able to obtain a final prospectus from Goldman Sachs & Co. LLC upon completion. Available.
Headquartered in San Jose, California, Supermicro is known for application-optimized total IT solutions. The company's extensive product portfolio includes server, AI, storage, IoT, and switch systems, as well as software and support services.
Supermicro takes pride in its design and manufacturing capabilities across the United States, Taiwan, and the Netherlands, and aims to deliver innovative solutions from cloud to edge, with a focus on reducing total cost of ownership and environmental impact. I am.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification. There will be no sale of these securities. under the securities laws of such state or jurisdiction.
The information contained herein is based on a press release from Super Microcomputer Corporation.
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