Silvaco Group, Inc. Files 8-K

TL;DR

Silvaco filed an 8-K, but no specifics yet.

AI Summary

Silvaco Group, Inc. filed an 8-K on July 24, 2024, to report other events. The filing does not contain specific details about the nature of these events, dollar amounts, or definitive dates beyond the filing date itself.

Why It Matters

This filing indicates a material event has occurred for Silvaco Group, Inc., but the lack of detail requires further investigation to understand its implications.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and lacks specific financial or operational details that would immediately indicate high risk.

Key Players & Entities

• Silvaco Group, Inc. (company) — Registrant
• 20240724 (date) — Filing Date
• Delaware (jurisdiction) — State of Incorporation
• Santa Clara, CA (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — ge on which registered Common stock, $0.0001 par value per share SVCO The Nasdaq Glo
• $11.3 million — lders of Nangate an aggregate amount of $11.3 million on the claims of breach of contract. Th
• $4.2 million — nterest in an estimated amount of up to $4.2 million. Further, punitive damages relating to

Filing Documents

• svco-20240724.htm (8-K) — 38KB
• ex991-silvaconangatepr_072.htm (EX-99.1) — 11KB
• 0001628280-24-032744.txt ( ) — 183KB
• svco-20240724.xsd (EX-101.SCH) — 2KB
• svco-20240724_lab.xml (EX-101.LAB) — 23KB
• svco-20240724_pre.xml (EX-101.PRE) — 13KB
• svco-20240724_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On July 24, 2024, Silvaco Group, Inc. (the "Company") issued a press release announcing that a jury verdict was entered on July 23, 2024 in the previously disclosed matter of Silvaco, Inc. v. Ole Christian Andersen et al (Case No. 20CV374355) relating to the acquisition of Nangate Denmark ApS ("Nangate") by the Company's prior management team in 2018 (the "Nangate Litigation"), after a trial in the Superior Court of the State of California, in favor of the plaintiff shareholders of Nangate, and against a subsidiary of the Company and other parties including Ms. Katherine S. Ngai-Pesic, the chair of the Company's board of directors. The jury awarded the shareholders of Nangate an aggregate amount of $11.3 million on the claims of breach of contract. This amount does not include potential statutory prejudgment interest in an estimated amount of up to $4.2 million. Further, punitive damages relating to the claims of fraud will be considered at a hearing expected to be held on August 16, 2024. Punitive damages, if any, would be payable by the Company only to the extent they are above the amount awarded in connection with the breach of contract claim. While the Company respects the jury's decision and intends to abide by any final rulings or judgments, it is also exploring all options, including the possibility of post-trial motions and appeals. While the Company is still assessing t he impact of the verdict in the Nangate Litigation on the Company's business, results of operations, and financial condition, the Company believes its core operations of providing TCAD, EDA software and SIP solutions will not be materially affected. The Company remains committed to resolving this matter and maintaining its focus on serving its customers. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. Cautionary Note Regarding Forward-Looking Statements This Current Report on For

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description 99.1 Press release dated July 24, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SILVACO GROUP, INC. Date: July 24, 2024 By: /s/ Babak Taheri Dr. Babak Taheri Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR