Overview

• Super Micro unveiled a $2 billion convertible bond sale on June 23, with bonds set to mature on June 15, 2030.
• Up to $200 million of the proceeds will fund capped call transactions designed to reduce share dilution.
• Initial investors can opt to purchase an extra $300 million in bonds within 13 days of issuance.
• Shares dipped 5.3% to $42.92 despite a near 41% gain year-to-date, reflecting investor caution over dilution risks.
• The bond proceeds will support general corporate needs and bolster growth in AI and cloud computing infrastructure following February’s SEC filing resolution and May’s $20 billion DataVolt agreement.