Summary by Moomoo AI
On January 26, 2024, Super Micro Computer, Inc., a Delaware-incorporated company listed on the NASDAQ Global Select Market under the trading symbol SMCI, reported entering into a significant real estate transaction. The company has signed a purchase agreement with Caracol Property Owner LLC to acquire approximately 19.72 acres of land and buildings near its San Jose, California headquarters for $80 million, subject to adjustments at closing. A $10 million deposit has been made by Super Micro Computer, which is non-refundable except under specific conditions. The transaction is expected to close in February 2024, pending customary closing conditions. The property includes entitlements for potential redevelopment, which could see the construction of office buildings and parking structures. Super Micro Computer currently leases part of this property for warehouse use. The details of the purchase agreement are included as Exhibit 10.1 in the company's current report on Form 8-K filed with the SEC.