secwatch.observer — SEC 8-K summary
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Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001628280-23-041159
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo Technology closes public offering of 11.5M shares at $17.50; underwriters exercise full over-allotment
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- Closed public offering of ordinary shares on Dec 8, 2023, including full exercise of underwriters' over-allotment option.
- Company sold 10,440,000 shares (8,940,000 + 1,500,000) and selling shareholders sold 1,060,000 shares, all at $17.50 per share.
- Total gross proceeds to company approximately $182.7 million; net proceeds and use not specified in filing.
- Underwriters' option for up to 1.5M additional shares was exercised in full; offering size increased by 15%.
- Offering priced at $17.50 per share; stock trades on Nasdaq under ticker CRDO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023041159/0001628280-23-041159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023041159/crdo-20231208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-041159

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