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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):
May 8, 2026
Silvaco Group, Inc.
(Exact name of Registrant as Specified in Its
Charter)
| Delaware |
|
001-42043 |
|
27-1503712 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
Silvaco Group Inc.
4701 Patrick Henry Drive, Building #23
Santa Clara, CA 95054
(Address of principal executive offices, including
Zip Code)
Registrant’s telephone number, including
area code: (408) 567-1000
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 240.13(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, par value $0.0001 per share |
|
SVCO |
|
The 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 8.01 Other Items.
As previously reported, on
March 13, 2026, Silvaco Group, Inc. (the “Company”) entered into an Open Market Sale Agreement℠ (the “Sales Agreement”)
with Jefferies LLC (the “Sales Agent”), pursuant to which the Company may offer and sell from time to time, at its option
through the Sales Agent, shares of the Company’s common stock, $0.0001 par value per share (the “Shares”). The Shares
are issued pursuant to the Company’s registration statement on Form S-3 (File No. 333-291212), which became effective on November
21, 2025, and the related prospectus supplement dated March 13, 2026 (the “ATM Prospectus Supplement”) registering the offer
and sale of Shares in an aggregate offering amount of up to $15.0 million, in each case filed with the Securities and Exchange Commission
(the “SEC”).
On May 8, 2026, the Company
filed a prospectus supplement (the “Prospectus Supplement”) amending and supplementing the ATM Prospectus Supplement to reflect
an increase in the Company’s existing at the market offering program to allow for the issuance of an additional $20.0 million in shares
of the Company’s common stock, for a total of $35.0 million (inclusive of any amounts previously sold by the Company). As of May
7, 2026, the Company has sold 752,744 shares of common stock with an aggregate offering price of approximately $4,331,280 through the
at the market offering program pursuant to the Sales Agreement. Therefore, we may offer and sell an aggregate of up to $30,668,720 of shares of the Company’s common stock
pursuant to the Prospectus Supplement.
The Company previously
offered and sold securities under its shelf registration statement on Form S-3 (File No. 333-291212) pursuant to General Instruction
I.B.6, often referred to as the “baby shelf” rule, because the Company’s public float was below $75 million. Based
on the reported sale price of the Company’s common stock of $12.46 per share, as reported on the Nasdaq Global Select Market
on May 6, 2026, the aggregate market value of the Company’s public float, calculated according to General Instruction I.B.6.
of Form S-3, is $175,270,596 based on 32,688,557 shares of the Company’s common stock outstanding as of May 6, 2026, of which
14,066,661 shares are held by non-affiliates. As the aggregate market value of the Company’s outstanding common equity held by
non-affiliates exceeded $75 million, the Company is no longer subject to the baby shelf limitation on the amount of securities it
may sell. Consequently, the Company is relying on General Instruction I.B.1 of Form S-3 and may offer and sell additional securities
without the prior 12-month limitations under General Instruction I.B.6.
A copy of the legal opinion
of White & Case LLP relating to the validity of the additional Shares of common stock being offered pursuant to the Sales Agreement
is filed as Exhibit 5.1 to this Current Report on Form 8-K.
This Current Report on Form
8-K shall not constitute an offer to sell or the solicitation of an offer to buy the Shares discussed herein, nor shall there be any offer,
solicitation, or sale of the Shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or other jurisdiction.
Item 9.01 Financial Statements and
Exhibits
| Exhibit No. |
|
Description |
| 5.1 |
|
Opinion of White & Case LLP. |
| 23.1 |
|
Consent of White & Case LLP (contained in Exhibit 5.1). |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 8, 2026 |
SILVACO GROUP, INC. |
| |
|
|
| |
By: |
/s/ Christopher Zegaralli |
| |
|
Christopher Zegaralli |
| |
|
Chief Financial Officer |
