Silvaco hit with $17M punitive damages in Nangate litigation; additional $16M against individuals

Silvaco Group, Inc.

Jury awarded $17M punitive damages against Silvaco; also $6M against chair Pesic, $10M against former board member Pesic.
Plaintiffs may elect either $11.3M contract damages or $6.6M fraud plus punitives; cannot collect both.
Hearing on declaratory relief set for Oct 4; final judgment expected Q4 2024 or Q1 2025.
Company plans post-trial motions and appeal; believes punitive damages excessive under California law.
Company does not expect material impact on core business operations despite potential financial hit.

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