secwatch.observer — SEC 8-K summary
======================================

Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001628280-23-040908
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023040908/0001628280-23-040908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023040908/crdo-20231205.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-040908

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer