Recent Updates — SVCO
Silvaco Group, Inc. entered into a Convertible Note Purchase Agreement with Micron Technology, Inc., issuing a Senior Convertible Promissory Note in the principal amount of $10.0 million on August 6, 2026. The unsecured note bears simple interest at 8.0% per annum, which accrues without periodic cash payments and converts into common stock upon maturity or change of control. Conversion occurs automatically after August 7, 2028, at a price equal to the lower of 90% of fair market value on that date or 115% of the closing price on the note's issuance date. The transaction is subject to Nasdaq share caps, requiring stockholder approval if conversion exceeds limits; otherwise, excess amounts settle in cash. Silvaco Group operates in the semiconductor software industry, providing electronic design automation tools.
Silvaco Group, Inc. filed a prospectus supplement on July 6, 2026, regarding the issuance of 69,062 shares of common stock to John Cary, a former equityholder of Tech-X Corporation. These shares serve as non-cash consideration for the Tech-X Acquisition, specifically satisfying contingent earnout milestones and post-closing purchase price adjustments. The issuance is conducted under an existing shelf registration statement on Form S-3 and will not generate cash proceeds for the company. Silvaco Group, Inc. is a semiconductor software company.