---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-054383"
form_type: "8-K"
ticker: "SVCO"
cik: "0001943289"
company_name: "Silvaco Group, Inc."
filed_at: "2026-08-06T20:32:48+00:00"
generated_at: "2026-08-06T20:35:14.592318+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Silvaco issues $10M convertible note to Micron; converts in 2028 at formula price

## Summary
- Issued $10M senior convertible promissory note to Micron Technology, a customer, in private placement.
- Note bears 8% simple interest, no cash payments; interest accrues and converts with principal.
- Automatic conversion on Aug 7, 2028 or upon change of control; conversion price = lower of 90% of FMV or 115% of prior close.
- Conversion subject to Nasdaq cap; if exceeded, company must seek stockholder approval or make cash payment.
- Note restricts additional debt to $50M subordinated; unsecured, prepayment only with Micron consent.

## SEC filing metadata
- accession: 0001628280-26-054383
- form_type: 8-K
- ticker: SVCO
- cik: 0001943289
- company_name: Silvaco Group, Inc.
- filed_at: 2026-08-06T20:32:48+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1943289/000162828026054383/0001628280-26-054383-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1943289/000162828026054383/svco-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-054383
- JSON: https://secwatch.observer/filing/0001628280-26-054383.json
- Plain text: https://secwatch.observer/filing/0001628280-26-054383.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.