Silvaco Group, Inc. 8K

Silvaco Group, Inc. entered into a $10 million senior convertible promissory note financing with Micron Technology, Inc. on terms allowing future conversion into Silvaco common stock, subject to Nasdaq and stockholder approval constraints.

Silvaco Group, Inc. issued a $10,000,000 unsecured senior convertible promissory note to Micron Technology, Inc., bearing 8% simple annual interest and automatically convertible on August 7, 2028 or immediately prior to a Change of Control into Silvaco common stock at the lower of 90% of fair market value on the conversion date or 115% of the prior trading day’s closing price, subject to Nasdaq share issuance limits and a cash prepayment mechanism (including a prepayment penalty) if required stockholder approval for additional shares is not obtained, with standard events of default accelerating maturity and no security interest granted.

Filing Facts

CIK

1943289

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-054383

Alert Tier

7