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To: Sisyphus who wrote (75143)2/21/2024 8:36:50 PM
From: Sean Collett  Read Replies (2) | Respond to of 78776
 
RE: SMCI

Are you still in this one after the decline? I assume so given you're still up a ton.

Not sure if this changes anything for you but SMCI announced today they are issuing $1.5B in convertible notes that mature in 2029. They will use a portion of this debt on capped calls and the rest for general purposes and to fund growth.

Supermicro Announces Proposed Offering of $1.5 Billion of Convertible Senior Notes Due 2029

From their latest 10-Q they state they also made an offering on December 5th, 2023 where they issues 2.4MM of stock at $262/s.

-Sean