Cadence Design Systems Files 8-K on New Agreement and Equity Sales

Ticker: CDNS · Form: 8-K · Filed: 2025-09-04T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale

Related Tickers: CDNS

TL;DR

CDNS filed an 8-K for a new deal and equity sales. Details TBD.

AI Summary

On September 4, 2025, Cadence Design Systems, Inc. filed an 8-K report indicating two key events: entry into a material definitive agreement and unregistered sales of equity securities. Specific details regarding the nature of the agreement and the equity sales were not elaborated upon in the provided text.

Why It Matters

This filing signals significant corporate actions by Cadence Design Systems, potentially impacting its financial structure, strategic direction, or shareholder equity.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and unregistered equity sales, which can carry inherent risks and require further investigation into the specifics.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Cadence Design Systems?

The provided text states that Cadence Design Systems entered into a material definitive agreement, but does not specify the details of this agreement.

What type of equity securities were sold on an unregistered basis?

The filing indicates unregistered sales of equity securities, but the specific type and terms of these securities are not detailed in the provided excerpt.

What is the purpose of the unregistered sales of equity securities?

The filing reports unregistered sales of equity securities, but the reasons or purpose behind these sales are not disclosed in the provided text.

Are there any financial implications associated with the material definitive agreement?

The filing mentions a material definitive agreement, but does not provide any information regarding its financial terms or implications.

When was Cadence Design Systems incorporated?

Cadence Design Systems, Inc. was incorporated in Delaware, as indicated by the filing.

From the Filing

0000813672-25-000126.txt : 20250904 0000813672-25-000126.hdr.sgml : 20250904 20250904163223 ACCESSION NUMBER: 0000813672-25-000126 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250904 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20250904 DATE AS OF CHANGE: 20250904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CADENCE DESIGN SYSTEMS INC CENTRAL INDEX KEY: 0000813672 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 770148231 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15867 FILM NUMBER: 251293883 BUSINESS ADDRESS: STREET 1: 2655 SEELY AVENUE BLDG 5 CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4089431234 MAIL ADDRESS: STREET 1: 2655 SEELY AVENUE CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: ECAD INC /DE/ DATE OF NAME CHANGE: 19880609 8-K 1 cdns-20250904.htm 8-K cdns-20250904 0000813672 false 0000813672 2025-09-04 2025-09-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): September 4, 2025 CADENCE DESIGN SYSTEMS, INC. (Exact Name of Registrant as Specified in its Charter)   Delaware   000-15867   00-0000000 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.) 2655 Seely Avenue, San Jose, California 95134 (Address of Principal Executive Offices) (Zip Code) (408) 943-1234 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share CDNS Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement. On September 4, 2025, Cadence Design Systems, Inc., a Delaware corporation (“Cadence”), entered into an Equity Purchase Agreement (the “Purchase Agreement”) with Hexagon Smart Solutions AB, a Swedish private limited liability company (“Seller”), to acquire Seller’s design and engineering business (the “Acquisition”). Pursuant to the Purchase Agreement, upon consummation of the Acquisition (“Closing”), Cadence will pay to Seller aggregate consideration based on an enterprise value of €2.70 billion (the “Purchase Price”). Approximately €1.89 billion of the Purchase Price will be paid in the form of cash consideration, subject to customary purchase price adjustments in accordance with

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