Super Micro closes public offering of 2.42M shares, net proceeds ~$582.9M

Super Micro Computer, Inc.

Offering of 2,415,805 shares closed Dec 5, 2023; company sold 2,315,105 shares, selling stockholders sold 100,700 shares.
Net proceeds to company ~$582.9M after underwriting discounts and expenses; no proceeds from selling stockholders' shares.
Public offering price $262.00 per share; underwriters J.P. Morgan, BofA Securities, Goldman Sachs.
Underwriters exercised option to purchase an additional 315,105 shares in full.
Offering made under automatically effective shelf registration statement filed Nov 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Super Micro Computer, Inc. entered into Underwriting Agreement with J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC (effective 2023-11-30).

Action: entry
Agreement: underwriting
Counterparty: J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC
Effective: 2023-11-30

Exact text from the filing

On November 30, 2023, Super Micro Computer, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC, acting as representatives of the several underwriters named therein (collectively, the “Underwriters”) and certain selling stockholders (the “Selling Stockholders”), relating to an underwritten public offering (the “Offering”) of 2,100,700 shares (the “Firm Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), including 2,000,000 shares offered by the Company, and 100,700 shares offered by the Selling Stockholders, at a public offering price of $262.00 per share.

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Super Micro Computer, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-289241

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