Super Micro Computer, Inc. (NASDAQ: NASDAQ) has announced the pricing of its public offering of 2 million shares of common stock at $875.00 per share. The offering is expected to raise $1.75 billion in gross proceeds before deductions such as underwriting discounts and commissions. The offering is subject to customary closing conditions and is slated to close on March 22, 2024 [0ebd6865].
Super Micro Computer plans to use the proceeds from the public offering to support its operations, including purchasing inventory, expanding manufacturing capacity, and increasing investments in research and development. The company aims to deliver innovative solutions from cloud to edge while emphasizing reduced total cost of ownership and environmental impact [0ebd6865].
Super Micro Computer, a technology firm headquartered in San Jose, California, is known for its Application-Optimized Total IT Solutions. The company's product portfolio includes server, AI, storage, IoT, and switch systems, along with software and support services. Super Micro Computer aims to provide cost-effective and environmentally friendly solutions [0ebd6865].
Ideal Power Inc. has also priced its underwritten public offering of 2 million shares of common stock, but at a significantly lower price of $7.50 per share. The underwriter, Titan Partners Group, has an option to purchase up to an additional 300,000 shares under the same terms within 30 days. The offering is expected to close on March 28, 2024, and the gross proceeds are estimated to be around $15 million. The net proceeds will be used for general corporate and working capital purposes. Ideal Power, based in Austin, Texas, is known for its patented B-TRANâ„¢ bidirectional semiconductor power switch [4167896a].
Progress Software, a global provider of application development and digital experience technologies, has expressed interest in potentially acquiring MariaDB plc. The offer would likely be an all-cash transaction, and there are no obligations to disclose dealings in Progress Software's own relevant securities. Further announcements will be made if and when appropriate. Progress Software's executive team, including the CEO, CFO, and Chief Legal Officer, have taken responsibility for the accuracy of the information provided. Europa Partners Limited is acting as the financial advisor for Progress Software in connection with the potential offer. The potential acquisition could have implications for the software and cloud services industry. Progress Software and MariaDB are significant players in their respective fields. Progress Software has a market capitalization of $2.31 billion and a positive revenue growth of 15.35% in the last twelve months. The company's gross profit margin stands at 86.12%. Progress Software's P/E ratio is 26.67. The financial indicators suggest that Progress Software has a robust financial profile and potential for growth and stability. The details and impact of any possible transaction remain to be seen.