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Conduent to Showcase Innovative 3D Fare Gates and Other Transit Technologies at Transport Ticketing North America

Conduent to Showcase Innovative 3D Fare Gates and Other Transit Technologies at Transport Ticketing North America

Business Wire15 hours ago

BUSINESS WIRE)--Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), will showcase a range of advanced transit innovations – including its 3D Fare Gate Solution – at the Transport Ticketing North America conference and exposition, June 24-25 in Chicago.
Technologies on display at Conduent Transportation's exhibit (Booth #F5) will include:
Enhancing Passenger Experience and Combating Fare Evasion
Conduent's 3D Fare Gate Solution enables fast and seamless access for passengers while helping transit agencies detect and deter fare evasion. The system uses a computer vision algorithm that accurately distinguishes people from objects such as strollers and suitcases, and service animals – improving both security and usability. Transit authorities also benefit from real-time reporting and analytics, identifying exactly when and where fare evasion occurs.
These fare gates have recently been selected by multiple large agencies to strengthen public transit. Earlier this year, Conduent was selected by NJ TRANSIT to install 3D fare gates at two stations in New Jersey. That milestone followed a 2024 agreement with the Southeastern Pennsylvania Transportation Authority (SEPTA) to install 100 Conduent gates across nine Philadelphia-area stations. SEPTA's decision was based on a successful pilot program where fare enforcement efforts combined with the new technology led to increased revenue.
In April, the Metropolitan Transportation Authority (MTA) in New York named Conduent as a potential vendor to help modernize subway fare systems. Conduent's gates will be installed for testing at five MTA stations this fall.
DOT1 Ticket Vending Machine: This compact, multimedia platform sells digital QR code transit tickets while supporting tourism and mobility services. DOT1 integrates AI, virtual assistants, and remote management in an accessible, user-friendly format designed for flexible deployment and cross-sell opportunities.
VPE 430 Universal Validator: Compatible with all ticketing formats – paper, card, or digital – the VPE 430 ticket validator integrates seamlessly with both online and traditional fare systems. It enables quick and intuitive check-in/check-out experiences for travelers entering or exiting public transit networks.
Driving Better Outcomes for Agencies and Riders
'This event provides a valuable opportunity to showcase Conduent's transit innovations that enhance the traveling experience and prevent fare evasion, benefiting transportation authorities and their customers around the world,' said Adam Appleby, Group President, Public Sector Solutions at Conduent.
Conduent Transportation is a leading provider of streamlined, high-volume mobility services and solutions, spanning tolling and advanced transit systems, which enhance the services provided by transportation agencies to benefit the citizens who use them. For over 50 years, the company has helped clients advance transportation solutions in more than 20 countries.
About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 56,000 associates, process expertise and advanced technologies, Conduent's solutions and services digitally transform its clients' operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients' missions in many ways including disbursing approximately $85 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.
Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.

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Supermicro Announces Proposed Offering of $2.0 Billion of Convertible Senior Notes due 2030
Supermicro Announces Proposed Offering of $2.0 Billion of Convertible Senior Notes due 2030

Yahoo

time25 minutes ago

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Supermicro Announces Proposed Offering of $2.0 Billion of Convertible Senior Notes due 2030

SAN JOSE, Calif., June 23, 2025--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) ("Supermicro" or the "Company"), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced that it intends to offer, subject to market conditions and other factors, $2.0 billion aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes"). The Convertible Notes are to be offered and sold to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also expects to grant an option to the initial purchasers to purchase up to an additional $300.0 million aggregate principal amount of the Convertible Notes within a 13-day period from, and including, the date the Convertible Notes are first issued. The Convertible Notes will be senior, unsecured obligations of the Company and will accrue interest payable semi-annually in arrears. 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The Company intends to use the remainder of the net proceeds from the offering for general corporate purposes, including to fund working capital for growth and business expansion. If the initial purchasers exercise their option to purchase additional Convertible Notes, the Company intends to use a portion of the net proceeds from the sale of additional Convertible Notes to fund the cost of entering into additional capped call transactions. This press release is neither an offer to sell nor a solicitation of an offer to buy the Convertible Notes or the shares of the Company's common stock issuable upon conversion of the Convertible Notes, if any, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Any offer of these securities will be made only by means of a private offering memorandum. The offer and sale of the Convertible Notes and the shares of the Company's common stock issuable upon conversion of the Convertible Notes, if any, have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, the anticipated terms of the Convertible Notes and capped call confirmations, statements regarding the intended use of the net proceeds from the offering and the potential impact of anticipated transactions by holders of the Convertible Notes and the option counterparties on the Company's securities. 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The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling). Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc. All other brands, names, and trademarks are the property of their respective owners. View source version on Contacts Investor Relations Contact: Nicole NoutsiosStratos Advisorsemail: ir@ Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données

Super Micro (SMCI) Stock Trades Down, Here Is Why
Super Micro (SMCI) Stock Trades Down, Here Is Why

Yahoo

time40 minutes ago

  • Yahoo

Super Micro (SMCI) Stock Trades Down, Here Is Why

Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 5.8% in the morning session after the company announced a proposed offering of $2.0 billion in convertible senior notes due 2030. The stock was likely down due to concerns about the dilutive effect of the notes, which can be converted to the company's ordinary stock, raising the total share count. The shares closed the day at $40.90, down 9.8% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Super Micro? Access our full analysis report here, it's free. Super Micro's shares are extremely volatile and have had 88 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 5.1% after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns. The prior week's sell-off likely triggered investors who opportunistically bought the dip after judging that some moves down may have been overdone. Super Micro is up 36% since the beginning of the year, but at $40.87 per share, it is still trading 55.1% below its 52-week high of $91.00 from July 2024. Investors who bought $1,000 worth of Super Micro's shares 5 years ago would now be looking at an investment worth $13,070. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Supermicro Announces Pricing of Private Offering of $2.0 Billion of Convertible Senior Notes Due 2030
Supermicro Announces Pricing of Private Offering of $2.0 Billion of Convertible Senior Notes Due 2030

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time43 minutes ago

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Supermicro Announces Pricing of Private Offering of $2.0 Billion of Convertible Senior Notes Due 2030

SAN JOSE, Calif., June 24, 2025--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) ("Supermicro" or the "Company"), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of $2.0 billion aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes"). The Convertible Notes are being offered and sold to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also granted an option to the initial purchasers to purchase up to an additional $300.0 million aggregate principal amount of the Convertible Notes within a 13-day period from, and including, the date the Convertible Notes are first issued. The Convertible Notes will be senior, unsecured obligations of the Company. The Convertible Notes will not bear regular interest, and the principal amount of the Convertible Notes will not accrete. 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Holders of the Convertible Notes will have the right, subject to a limited exception set forth in the indenture, to require the Company to repurchase all or a portion of their Convertible Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Convertible Notes) at a cash repurchase price of 100% of their principal amount plus any accrued and unpaid special and additional interest, if any, to, but excluding the applicable repurchase date. The Convertible Notes will mature on June 15, 2030, unless earlier redeemed, repurchased or converted in accordance with their terms prior to such date. Prior to the close of business on the business day immediately preceding December 17, 2029, the Convertible Notes will be convertible only upon the satisfaction of certain conditions and during certain periods, and on and after December 17, 2029, at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date, the Convertible Notes will be convertible regardless of these conditions. The Company will settle conversions by paying or delivering, as applicable, cash, shares of the Company's common stock or a combination of cash and shares of the Company's common stock at the Company's election. The Company expects to close the offering on June 26, 2025, subject to the satisfaction of various customary closing conditions. The Company will receive net proceeds from the offering of approximately $1.96 billion (or approximately $2.26 billion if the initial purchasers exercise their option to purchase additional Convertible Notes in full). The Company expects to use $158.4 million of the net proceeds of the offering to fund the cost of entering into the capped call transactions described below. The Company also expects to use approximately $200.0 million of the net proceeds to repurchase shares of its common stock concurrently with this offering as described below. The Company intends to use the remainder of the net proceeds from the offering for general corporate purposes, including to fund working capital for growth and business expansion. If the initial purchasers exercise their option to purchase additional Convertible Notes, the Company intends to use a portion of the net proceeds from the sale of additional Convertible Notes to fund the cost of entering into additional capped call transactions, with the remainder to be used for general corporate purposes as set forth above. 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This activity could also cause or avoid an increase or a decrease in the market price of the Company's common stock or the Convertible Notes, which could affect noteholders' ability to convert the Convertible Notes, and, to the extent the activity occurs during any observation period related to a conversion of the Convertible Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Convertible Notes. The Company expects to repurchase approximately 4.9 million shares of its common stock concurrently with the offering from purchasers of the Convertible Notes in privately negotiated transactions effected through one of the initial purchasers of the Convertible Notes or its affiliate, as the Company's agent. These concurrent share repurchases, and any other repurchases of shares of the Company's common stock, may increase, or reduce the size of a decrease in, the trading price of the Company's common stock, and repurchases executed concurrently with the pricing of this offering may affect the initial terms of the Convertible Notes, including the initial conversion price. In addition, any repurchases following this offering could affect the trading price of the Convertible Notes or the Company's common stock and, if conducted during an observation period for the conversion of any Convertible Notes, could affect the amount and value of the consideration that is due upon such conversion. This press release is neither an offer to sell nor a solicitation of an offer to buy the Convertible Notes or the shares of the Company's common stock issuable upon conversion of the Convertible Notes, if any, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Any offer of these securities will be made only by means of a private offering memorandum. The offer and sale of the Convertible Notes and the shares of the Company's common stock issuable upon conversion of the Convertible Notes, if any, have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, the expected closing of the offering, the terms of the Convertible Notes and capped call confirmations, statements regarding the intended use of the net proceeds from the offering and the potential impact of anticipated transactions by holders of the Convertible Notes and the option counterparties and the concurrent share repurchases on the Company's securities. Forward-looking statements may be identified by the use of the words "may," "will," "expect," "intend" and other similar expressions. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements are based on management's current expectations and beliefs about future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Those risks and uncertainties include, but are not limited to, the risks related to whether the Company will consummate the offering and enter into the capped call transactions, the anticipated effects of holders of the Convertible Notes or the option counterparties entering into or unwinding derivative transactions with respect to the Company's common stock and/or purchasing or selling the Company's common stock, whether the concurrent share repurchases will be consummated in the expected amount, or at all, market and general conditions, and risks relating to the Company's business, including those described in periodic reports that the Company files from time to time with the Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law. About Super Micro Computer, Inc. Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling). Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc. All other brands, names, and trademarks are the property of their respective owners. View source version on Contacts Investor Relations Contact:Nicole NoutsiosStratos Advisorsemail: ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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