What's Going On With Super Micro Computer Stock? - Super Micro Computer (NASDAQ:SMCI)
Super Micro announced the pricing of $1.5 billion aggregate principal amount of convertible senior notes due 2029 early Friday. The convertible notes have an initial conversion rate of 0.7455 shares of the company's common stock per $1,000 principal amount of convertible notes, equivalent to an initial conversion price of approximately $1,341.38 per share, representing an initial conversion premium of approximately 37.5% above the closing price of $975.52 per share of the stock on Feb. 22.