On September 27, 2024, Super Micro Computer, Inc. announced significant financial and corporate developments. The company entered into two key amendments with its lenders and Bank of America, N.A. The first, a Ninth Amendment to the Loan and Security Agreement, extends the deadline for delivering audited financial statements for the fiscal year ending June 30, 2024, from September 28, 2024, to November 27, 2024, and introduces a $70 million availability block to the U.S. borrowing base. The second, Amendment No. 1 to the Term Loan Credit Agreement, also extends the financial statements delivery deadline and requires a prepayment of $250 million of the outstanding term loans. Additionally, Super Micro Computer filed an amendment to its certificate of incorporation to effectuate a ten-for-one forward stock split of its...Show More

On September 27, 2024, Super Micro Computer, Inc. announced significant financial and corporate developments. The company entered into two key amendments with its lenders and Bank of America, N.A. The first, a Ninth Amendment to the Loan and Security Agreement, extends the deadline for delivering audited financial statements for the fiscal year ending June 30, 2024, from September 28, 2024, to November 27, 2024, and introduces a $70 million availability block to the U.S. borrowing base. The second, Amendment No. 1 to the Term Loan Credit Agreement, also extends the financial statements delivery deadline and requires a prepayment of $250 million of the outstanding term loans. Additionally, Super Micro Computer filed an amendment to its certificate of incorporation to effectuate a ten-for-one forward stock split of its common stock, which became effective on September 30, 2024. The stock split increased the number of authorized shares of common stock from 100 million to 1 billion and adjusted the number of shares underlying the company's outstanding equity awards and incentive plans. Trading on the NASDAQ Global Select Market on a split-adjusted basis began on October 1, 2024, under the existing trading symbol 'SMCI'.