Latham & Watkins Advises on Supermicro’s US$524 Million Public Offering of Common Stock

Super Micro Computer, Inc. (Nasdaq: SMCI), a global leader in Application-Optimized Total IT Solutions, has announced the pricing of its previously announced underwritten public offering of 2,100,700 shares of its common stock, which includes 100,700 shares offered by certain selling stockholders, at a public offering price of US$262.00 per share. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 315,105 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Supermicro are expected to be US$524 million before deducting underwriting discounts, commissions and estimated offering expenses, and assuming no exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on or about December 5, 2023, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York/Los Angeles partners Greg Rodgers and Brittany Ruiz, with associates Danny Shulman, Catherine Shaw, and Will Coughlin. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Claire Park*; on intellectual property matters by New York partner Jessica Cohen, with associate Dewey Kang; on data privacy matters by Bay Area partner Heather Deixler, with associate Mitch Bennett**; on environmental matters by Los Angeles partner Aron Potash, with associate Cody Kermanian; and on sanctions matters by Washington, D.C. partner Les Carnegie, with associate Eric Green.

*Admitted to practice in Massachusetts only.
**Admitted to practice in New South Wales only.