Supermicro (SMCI), a prominent player in the GPU-as-a-Service sphere and a leading retailer of liquid-cooled AI server racks, is down around 7 percent today as the specter of further dilution takes hold. To wit, Supermicro has now announced that it intends to raise at least $2 billion by offering its convertible senior notes to eligible investors. The initial purchasers of these notes, which become due in 2030, will also receive an option to buy another $300 million worth of convertibles, bringing Supermicro's total potential haul to around $2.3 billion. In what is a critical tidbit, these notes will carry a […]
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