Cadence issues 3.22M shares to close acquisition of Hexagon design business

CADENCE DESIGN SYSTEMS INC

Issued 3,224,473 shares of common stock to Hexagon Smart Solutions AB as partial consideration for the acquisition.
Acquisition of Hexagon's design and engineering business closed on February 23, 2026.
Shares issued in reliance on Section 4(a)(2) and Regulation S exemptions from registration.
Transaction was previously announced under an Equity Purchase Agreement dated September 4, 2025.

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