Summary by Moomoo AI
Super Micro Computer has entered into a Third Amendment to Loan Agreement with Cathay Bank on October 28, 2024, modifying their existing loan agreement dated May 19, 2022. The amendment extends the deadline for submitting the company's FY2024 audited financial statements from October 28, 2024, to December 31, 2024.The amendment also pushes back the submission deadline for Q1 FY2025 financial statements (quarter ending September 30, 2024) from November 29 to December 31, 2024. Additionally, the company must now maintain a minimum of $150 million in unrestricted cash at all times as part of the new covenant requirements.