Court denies prejudgment interest motion against Silvaco, eliminating $3.8M liability

Silvaco Group, Inc.

Superior Court of California ruled in favor of Silvaco, denying former Nangate shareholders' motion for prejudgment interest on $11.3M damages for breach of contract.
Silvaco had previously recorded a $3.8M charge for estimated prejudgment interest as of September 30, 2024.
The ruling removes the $3.8M liability, improving the company's financial position.

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