Summary by Moomoo AI
Super Micro Computer, Inc. (Supermicro), a global leader in high-performance, high-efficiency server technology and innovation, has filed a Form S-3 registration statement with the Securities and Exchange Commission (SEC) on March 19, 2024. The filing indicates Supermicro's intent to offer 2,000,000 shares of its common stock to the public. The shares will be listed on the Nasdaq Global Select Market under the symbol 'SMCI.' The offering includes an underwriter's option to purchase up to an additional 300,000 shares. The company's common stock closed at $1,000.68 per share on March 18, 2024. Supermicro has stated that the net proceeds from the offering will be used for working capital, inventory purchases, manufacturing capacity expansion, and increased research and development investments. The underwriter for the offering is Goldman Sachs & Co. LLC, and the shares are expected to be delivered on or about the date specified in the prospectus supplement for the offering.