Super Micro Computer has announced a ten-for-one forward stock split effective September 30, 2024, at 5:00 p.m. Eastern Time. The split will increase authorized common stock from 100 million to 1 billion shares, with trading on split-adjusted basis commencing October 1, 2024. The split will automatically adjust all outstanding equity awards and related agreements proportionally.The company has also secured amendments to its loan agreements with Bank of America. The ABL Amendment extends the deadline for FY2024 financial statements delivery to November 27, 2024, and adds a $70 million availability block to the U.S. borrowing base. Similarly, the Term Loan Amendment extends the financial statements deadline and requires a $250 million prepayment of outstanding term loans.

Super Micro Computer has announced a ten-for-one forward stock split effective September 30, 2024, at 5:00 p.m. Eastern Time. The split will increase authorized common stock from 100 million to 1 billion shares, with trading on split-adjusted basis commencing October 1, 2024. The split will automatically adjust all outstanding equity awards and related agreements proportionally.The company has also secured amendments to its loan agreements with Bank of America. The ABL Amendment extends the deadline for FY2024 financial statements delivery to November 27, 2024, and adds a $70 million availability block to the U.S. borrowing base. Similarly, the Term Loan Amendment extends the financial statements deadline and requires a $250 million prepayment of outstanding term loans.