---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-040908"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:20:17.109340+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Credo Technology prices $175M underwritten public offering of 10M shares at $17.50

## Summary
- Company to issue 8.94M shares; selling shareholders (incl. board/management) to sell 1.06M shares.
- Total gross proceeds of $175M: $156.5M to company, $18.6M to selling shareholders.
- Underwriters granted 30-day option to purchase up to 1.5M additional shares.
- Offering expected to close December 8, 2023, subject to customary conditions.
- Proceeds to be used for general corporate purposes, not specified further.

## SEC filing metadata
- accession: 0001628280-23-040908
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807794/000162828023040908/0001628280-23-040908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828023040908/crdo-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-040908
- JSON: https://secwatch.observer/filing/0001628280-23-040908.json
- Plain text: https://secwatch.observer/filing/0001628280-23-040908.txt

## Key facts
- Material Agreements
  Credo Technology Group Holding Ltd entered into Underwriting Agreement with Goldman Sachs & Co. LLC, as representative of the underwriters, and the selling shareholders valued at $175.0 million (effective 2023-12-05).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Goldman Sachs & Co. LLC, as representative of the underwriters, and the selling shareholders
  - Value: $175.0 million
  - Effective: 2023-12-05
  source text: On December 5, 2023, Credo Technology Group Holding Ltd, a Cayman Islands exempted company (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Goldman Sachs & Co. LLC, as representative of the underwriters named in Schedule I thereto (the “Underwriters”), and the selling shareholders named in Schedule II thereto (the “Selling Shareholders”), providing for the issuance and sale by the Company of 8,940,000 of the Company’s ordinary shares, par value $0.00005 per share (the “Ordinary Shares”), at a public offering price of $17.50 per share, and the offer and sale of 1,060,000 Ordinary Shares by the Selling Shareholders, at a public offering price of $17.50 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807794/000162828023040908/0001628280-23-040908-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.