Supermicro to raise up to $7B through equity offerings to back AI orders
Super Micro Computer priced concurrent equity and equity-linked financings totaling up to $7.0 billion (including an ATM program), issuing 45.45 million common shares at $27.50 and 75 million depositary shares representing 1/20 of a 7.0% series A mandatory convertible preferred stock; net proceeds are about $4.9 billion ($1.22B from common stock and $3.68B from depositary shares) with an additional ATM up to $1.25B, to fund roughly $39 billion of AI server orders and other corporate needs. Closings are expected in mid-June 2026, and Nasdaq listings for the depositary shares will trade under SMCIP.
