Silvaco faces $11.3M jury verdict in Nangate acquisition lawsuit; punitive damages pending Aug 16

Silvaco Group, Inc.

Jury awarded $11.3M for breach of contract in Nangate Denmark acquisition (2018); pre-dates current management.
Potential statutory prejudgment interest up to $4.2M; punitive damages hearing set for August 16, 2024.
Company exploring post-trial motions and appeals; core TCAD/EDA/SIP operations not expected to be materially affected.
Unaudited cash, cash equivalents, and marketable securities of $102.3M as of June 30, 2024.
Verdict covers claims involving subsidiary and board chair Katherine S. Ngai-Pesic.

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