Super Micro Computer, Inc. (SMCI) announced its intention to offer $1.5 billion in convertible senior notes due 2029, targeting qualified institutional buyers. The offering may include an additional $225 million if the initial purchasers exercise their option. The notes, maturing on March 1, 2029, will be senior, unsecured obligations, convertible under certain conditions. SMCI plans to use the proceeds for general corporate purposes and to fund capped call transactions to reduce potential dilution from the conversion of the notes. The company's stock price may be impacted by these transactions and the market activities of the option counterparties.