This board looks like worth saving with simm slots.
The guy sold it cant help the age of the parts, it is good they still sell to be able for us to fix it rather than throwing them in the bin -> then theyre ever lost. so return it, and it turns scrap probably.
The -12v should be broken, tantalum caps short out like this at age measure what cap is connected to the -12v pin and remove to see it starts.
the psu is overcurrented at the -12v line and cannot start up properly.
remove the bad cap(s) and clean the oxide with vinegar and wash with water / ipa afterwards.
Also make sure to load the 12v line with a cd drive, or some psu's dont start properly either or start overvolting some power rails.
It kills hw to underload a psu. 5v load and 12v minimal 500ma to 1A current load.
Modern psu's don't bother to much about it, old at style are not so much technique wise 😒