Freshfields Advises Supermicro on Equity and Equity-linked Financing Transactions for Proceeds of up to $7.0bn

Global law firm Freshfields is advising Supermicro (NASDAQ: SMCI), a Total IT Solution Manufacturer for AI, Cloud, Storage and 5G/Edge, on its concurrent equity and equity-linked financing transactions. The gross proceeds of these offerings, which include $3.75 billion in depositary shares representing mandatory convertible preferred stock and $1.25 billion in common shares, together with potential gross proceeds from Supermicro's $1.25bn at-the-market offering program for the sale of common stock over time, represent a total potential equity raise of $7.0bn, inclusive of the underwriters' options to purchase additional shares and additional depositary shares. The offering of common stock is expected to close on June 12, 2026 and the offering of depositary shares is expected to close on June 15, 2026, subject to customary closing conditions. Learn more about this transaction here.

The Freshfields team is led by Partners Sarah Solum and Phillip Stoup and Counsel Jeffrey Gould, and includes Associates Kimberly Wang, Alex Canahuate, Nick Singer, Grace Brockmeyer, Jenny Ge, Emilio Luna and Josh Orange. Partner Kyle Lakin and Associates Sonam Cheema, Nora McDonnell and Alex Kennedy advised on finance matters; and Partners Steven Matays and Jay Cosel and Associates Hannah Golden and Dominik Luczak advised on tax matters.