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Supermicro logoSupermicro SMCI

Super Micro said it entered into an underwriting agreement with Goldman Sachs & Co. LLC on March 19, 2024 for a public offering of 2,000,000 shares of common stock at a public offering price of $875.00 per share.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Super Micro said it entered into an underwriting agreement with Goldman Sachs & Co. LLC on March 19, 2024 for a public offering of 2,000,000 shares of common stock at a public offering price of $875.00 per share.

  2. The company said it granted the underwriter the right to buy up to an additional 300,000 shares of common stock, exercisable within 30 days at the public offering price less underwriting discounts and commissions.

  3. Supermicro said the offering closed on March 22, 2024, and it completed the sale and issuance of 2,000,000 shares of common stock. It received net proceeds of about $1.73 billion, after underwriting discounts and commissions and estimated offering expenses payable by the company.

  4. The company said the offering was made under an automatically effective Form S-3 shelf registration statement filed with the SEC on March 19, 2024 (File No. 333-278048) and a final prospectus filed on March 20.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2,000,000 Share Offering at $875.00 Per Share

Super Micro said it entered into an underwriting agreement with Goldman Sachs & Co. LLC on March 19, 2024 for a public offering of 2,000,000 shares of common stock at a public offering price of $875.00 per share.

Source · Based on the filing body and exhibits

Option to Buy Additional 300,000 Shares

The company said it granted the underwriter the right to buy up to an additional 300,000 shares of common stock, exercisable within 30 days at the public offering price less underwriting discounts and commissions.

Source · Based on the filing body and exhibits

Offering Closing and Net Proceeds on March 22, 2024

Supermicro said the offering closed on March 22, 2024, and it completed the sale and issuance of 2,000,000 shares of common stock. It received net proceeds of about $1.73 billion, after underwriting discounts and commissions and estimated offering expenses payable by the company.

Source · Based on the filing body and exhibits

Automatically Effective Form S-3 Shelf Registration

The company said the offering was made under an automatically effective Form S-3 shelf registration statement filed with the SEC on March 19, 2024 (File No. 333-278048) and a final prospectus filed on March 20.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.