CRDO 8-K Current Reports
Credo Technology Group Holding Ltd - 36 current reports
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Jun 1, 2026)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K detailing its fiscal year-end results and a significant equity award for its CEO. The company announced financial results for the fiscal year ended May 2, 2026, though specific figures are only referenced as being in an attached press release. Of greater immediate investor interest is the approval of a special performance-based equity award for CEO William Brennan, consisting of performance-based restricted stock units (Special PSUs). This award is intended to incentivize long-term value creation and retention, with a five-year performance period ending June 30, 2031. The Special PSUs are 100% performance-based, contingent on achieving ambitious revenue and stock price growth hurdles. The award design emphasizes substantial outperformance relative to the company's strategic plan, with the potential for Mr. Brennan to earn approximately 1.7 million Ordinary Shares upon meeting these targets, which include reaching $5 billion in trailing four-quarter revenue and significant stock price appreciation.
Credo Technology Group Holding Ltd 8-K Report, Unregistered Securities Sale (Apr 13, 2026)
Credo Technology Group Holding Ltd (CRDO) announced on April 13, 2026, a significant strategic acquisition of DustPhotonics Ltd., an Israeli company specializing in optical interconnect solutions. The deal involves upfront consideration of $750 million in cash and approximately 0.92 million CRDO ordinary shares. Additionally, there's a potential for contingent consideration of up to 3.21 million ordinary shares, contingent on the achievement of specific financial milestones, indicating management's confidence in future performance. This acquisition is expected to bolster Credo's product portfolio and expand its reach in the optical interconnect market. The issuance of new shares for this acquisition is being conducted under exemptions from registration requirements, specifically Section 4(a)(2) and Regulation D/S, with recipients granted customary piggyback registration rights. Investors should note the forward-looking nature of statements related to this acquisition and potential future performance, with inherent risks and uncertainties as detailed in the filing.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Mar 2, 2026)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on March 2, 2026, to announce its financial results for the fiscal quarter ended January 31, 2026. While the full details of the financial performance are contained within the furnished press release (Exhibit 99.1), this filing primarily serves as a notification mechanism for the market. Investors should refer to the press release for critical information regarding revenue, profitability, and any forward-looking guidance provided by the company. It is important to note that the information provided in this Item 2.02 is not considered "filed" for regulatory purposes, meaning it does not carry the same liability under Section 18 of the Exchange Act as formally filed financial statements. However, it remains a key source for timely updates on the company's financial standing.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Feb 9, 2026)
Credo Technology Group Holding Ltd (CRDO) has issued a press release on February 9, 2026, providing an important update regarding its financial performance. The company preannounced unaudited revenue results for the third quarter of fiscal year 2026, indicating a significant development in its financial reporting cycle. Furthermore, Credo has updated its previously issued sequential revenue growth guidance for the fourth quarter of fiscal year 2026. Investors should closely examine the details within the attached press release (Exhibit 99.1) to understand the magnitude of these updates and their potential implications for the company's future performance and valuation. This preannouncement suggests a proactive approach to informing stakeholders about key financial metrics ahead of the official earnings release.
Credo Technology Group Holding Ltd 8-K Report, Exhibit Filing (Dec 1, 2025)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K on December 1, 2025, to report its financial results for the fiscal quarter ended November 1, 2025. The primary purpose of this filing is to furnish the accompanying press release (Exhibit 99.1) which contains the detailed financial outcomes. Investors should note that this information, while important for understanding the company's performance, is furnished and not deemed "filed" under Section 18 of the Exchange Act. This means it is not subject to the liabilities associated with formal SEC filings for the purpose of determining liability for misstatements or omissions. This report serves as the official channel for disseminating the company's quarterly financial performance to the public. Investors and analysts will need to refer to Exhibit 99.1 for the specific revenue, profitability, and other key financial metrics. The filing also includes the interactive data file for the cover page, facilitating easier data extraction and analysis. While the 8-K itself is procedural, the press release it incorporates will contain the substantive operational and financial insights investors require.
Credo Technology Group Holding Ltd 8-K Report, Executive Changes (Oct 29, 2025)
Credo Technology Group Holding Ltd (CRDO) announced a change in its Board of Directors through an 8-K filing on October 29, 2025. Lip-Bu Tan has resigned from the Board, a departure noted to be without disagreement regarding the Company's operations or policies. This vacancy has been filled by the appointment of Brian Kelleher as a Class III director, effective October 27, 2025. Mr. Kelleher brings a wealth of experience to Credo's Board, having served in senior hardware engineering leadership roles at NVIDIA for nearly two decades, including leading GPU product development. His extensive background in hardware engineering, dating back to founding Dynamic Pictures and his tenure at Digital Equipment Corp., is expected to be valuable to the Company. Mr. Kelleher has been deemed an independent director and will be compensated according to the Company's standard non-employee director compensation policy.
Credo Technology Group Holding Ltd 8-K Report, Shareholder Vote Results (Oct 16, 2025)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K report on October 16, 2025, detailing the results of its 2025 Annual General Meeting held on October 13, 2025. The meeting focused on shareholder votes regarding director elections, executive compensation, and the ratification of the independent auditor. Overall, the outcomes indicate strong shareholder support for the company's current leadership and governance practices. The key outcomes show that all three nominated Class I directors were successfully elected to serve until the 2028 Annual General Meeting. Additionally, shareholders approved, on an advisory basis, the compensation of the named executive officers. Finally, the selection of Ernst & Young LLP as the company's independent registered public accounting firm for the upcoming fiscal year was ratified, reflecting confidence in the external audit process.
Credo Technology Group Holding Ltd 8-K Report, Corporate Update (Oct 7, 2025)
Credo Technology Group Holding Ltd. has announced an "at-the-market" equity offering program, entering into an Equity Distribution Agreement with Goldman Sachs & Co. LLC. This agreement allows Credo to sell up to $750 million of its ordinary shares over time. The sales will be conducted through ordinary brokers' transactions on Nasdaq or other trading venues, or through market makers, offering flexibility in how the shares are distributed. This move suggests the company is looking to raise capital opportunistically, potentially to fund growth initiatives, acquisitions, or for general corporate purposes.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Sep 3, 2025)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K on September 3, 2025, to report its financial results for the fiscal quarter ended August 2, 2025. The primary purpose of this filing is to provide investors with access to the company's latest financial performance data, as detailed in the accompanying press release furnished as Exhibit 99.1. Investors should note that the information provided under Item 2.02, including the press release, is furnished and not deemed "filed" for regulatory purposes, meaning it does not carry the same liabilities under Section 18 of the Exchange Act and will not be automatically incorporated into other securities filings.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Jun 2, 2025)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K on June 2, 2025, to report its financial results for the fiscal year ended May 3, 2025. The core of this filing is the press release (Exhibit 99.1) detailing the company's performance. While the 8-K itself does not provide the numerical results, it serves as the official notification that these results have been publicly disclosed through the press release. Investors should refer to the furnished press release (Exhibit 99.1) for specific financial figures, including revenue, profitability, and any forward-looking guidance. This 8-K filing is primarily a procedural step to ensure compliance with SEC regulations regarding the timely dissemination of material financial information.
Credo Technology Group Holding Ltd 8-K Report, Executive Changes (Mar 24, 2025)
Credo Technology Group Holding Ltd (CRDO) has announced significant changes to its Board of Directors, effective March 19-20, 2025. David Zinsner has resigned from the Board, a move stated to be without disagreement with the company. Concurrently, Lip-Bu Tan, while remaining on the Board, has stepped down as Chairman. These transitions have led to key leadership appointments aimed at maintaining board governance and independence.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Mar 4, 2025)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on March 4, 2025, primarily announcing its financial results for the fiscal quarter ended February 1, 2025. While the full financial details are within the furnished press release (Exhibit 99.1), the filing itself serves as notification of these results. Investors should refer to the press release for specific revenue figures, profitability metrics, and forward-looking guidance. This filing is crucial for understanding Credo's recent performance and outlook. The information provided is key to assessing the company's operational success, its ability to meet market expectations, and its strategic trajectory within the semiconductor industry. It's important to note that the information furnished under Item 2.02 is not considered 'filed' for the purposes of certain SEC regulations, meaning it does not automatically become part of previously filed registration statements.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Dec 2, 2024)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on December 2, 2024, primarily to announce its financial results for the fiscal quarter ended November 2, 2024. The report itself is brief, referencing a furnished press release (Exhibit 99.1) which contains the detailed financial outcomes and operational highlights for the period. Investors should refer to this press release for specific figures regarding revenue, profitability, and any forward-looking statements or guidance provided by the company. While the 8-K itself does not contain the financial data, its purpose is to formally disclose these results to the market. The filing also includes the interactive data file (XBRL) for the cover page, facilitating easier analysis of the reported information. It's crucial to note that the information furnished in this 8-K, including Exhibit 99.1, is not considered "filed" under Section 18 of the Exchange Act, meaning it does not carry the same liability as formally filed documents, nor is it automatically incorporated by reference into other SEC filings.
Credo Technology Group Holding Ltd 8-K Report, Shareholder Vote Results (Oct 22, 2024)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on October 22, 2024, reporting on the outcomes of its 2024 Annual General Meeting held on October 21, 2024. The key takeaway for investors is the strong shareholder support for all proposals presented, indicating alignment between management and its owners on critical governance and operational matters. Specifically, all three Class III director nominees were elected, the executive compensation was approved on an advisory basis, the amended and restated employee stock purchase plan received shareholder approval, and Ernst & Young LLP was ratified as the independent registered public accounting firm for the upcoming fiscal year. The overwhelming 'for' votes across all resolutions signal confidence in the company's leadership and strategic direction.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Sep 4, 2024)
Credo Technology Group Holding Ltd (CRDO) announced its financial results for the fiscal quarter ended August 3, 2024, via a press release filed on September 4, 2024. This 8-K filing primarily serves to furnish the earnings release, which contains the detailed financial performance and operational updates for the period. Investors should review the press release (Exhibit 99.1) for specific figures regarding revenue, profitability, and forward-looking guidance. While the 8-K itself is brief and doesn't provide new financial data, it directs stakeholders to the accompanying press release for crucial insights into the company's performance and outlook. This includes key financial metrics and any commentary from management on business trends, market conditions, and strategic initiatives. It's important to note that the information furnished under Item 2.02 is not considered "filed" for liability purposes under Section 18 of the Exchange Act.
Credo Technology Group Holding Ltd 8-K Report, Corporate Update (Aug 12, 2024)
Credo Technology Group Holding Ltd (CRDO) announced a significant leadership change in its legal department via an 8-K filing on August 12, 2024. James Laufman is set to join the company as the new Chief Legal Officer (CLO) and Secretary, effective August 19, 2024. This appointment is a key event for investors as it brings new legal leadership into a critical executive role within the company. The transition indicates ongoing strategic adjustments within Credo's management team, aiming to strengthen its corporate governance and legal operations.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (May 29, 2024)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on May 29, 2024, primarily to announce its financial results for the fiscal year ended April 27, 2024, via an accompanying press release (Exhibit 99.1). While the specific financial figures are not detailed within the 8-K itself, this filing serves as the official notification of the release of these results. Investors should refer to the furnished press release for detailed information on the company's performance, including revenue, profitability, and any forward-looking guidance. The filing also includes the cover page data in Inline XBRL format.
Credo Technology Group Holding Ltd 8-K Report, Executive Changes (Apr 2, 2024)
Credo Technology Group Holding Ltd (CRDO) announced a significant update to its Board of Directors through an 8-K filing on April 2, 2024. The company has appointed Clyde Hosein as a new Class III director, expanding the Board from eight to nine members. Mr. Hosein's appointment is effective April 3, 2024, and he has been deemed an independent director by Nasdaq standards. His addition to the Board, particularly his role on the audit committee, is expected to bring valuable financial expertise to the company. Mr. Hosein brings a wealth of experience, with over 25 years as a CFO for publicly traded companies and current board memberships at Dentsply Sirona Inc. and Wolfspeed. His track record includes leadership roles at prominent technology and software companies like AliveCor, Automation Anywhere, and RingCentral, as well as earlier significant positions at Marvell Technology Group and IBM. The company has outlined a compensation package for Mr. Hosein that includes annual cash retainers for his director and audit committee services, along with initial and ongoing equity awards designed to align his interests with those of the company and its shareholders.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Feb 27, 2024)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on February 27, 2024, primarily to announce its financial results for the fiscal quarter ended January 27, 2024. The key takeaway for investors is the release of these financial results, which are detailed in an accompanying press release furnished as Exhibit 99.1. This report serves as the official notification of the company's performance for the period and is crucial for assessing its current financial health and future prospects. Investors should closely examine the press release (Exhibit 99.1) for specific details regarding revenue, profitability, key performance indicators, and any management commentary on business trends, market conditions, and forward-looking statements. While this 8-K filing itself is brief, it directs stakeholders to the comprehensive financial data and analysis provided in the press release. It's important to note that the information furnished under Item 2.02 is generally not considered 'filed' for liability purposes under the Exchange Act, but it remains a primary source for understanding the company's most recent operational and financial standing.
Credo Technology Group Holding Ltd 8-K Report, Executive Changes (Jan 9, 2024)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on January 9, 2024, announcing key changes in its executive leadership. The report details the departure of Adam Thorngate-Gottlund as General Counsel and Secretary, effective January 25, 2024. This departure marks a transition in the company's legal leadership. In conjunction with this, the company announced the appointment of Katherine E. Schuelke as its new Chief Legal Officer and Secretary, effective January 26, 2024. This strategic hire aims to ensure continuity and strengthen the legal and corporate governance functions of Credo Technology Group. Investors should monitor the integration of Ms. Schuelke into the company and the impact of these leadership changes on strategic initiatives.
Credo Technology Group Holding Ltd 8-K Report, Corporate Update (Dec 8, 2023)
Credo Technology Group Holding Ltd (CRDO) announced the closing of its public offering of ordinary shares on December 8, 2023. The offering involved the sale of 8,940,000 ordinary shares by the Company and 1,060,000 ordinary shares by selling shareholders, all at a price of $17.50 per share. Notably, the underwriters fully exercised their option to purchase an additional 1,500,000 ordinary shares from the Company, indicating strong demand for the offering. This successful completion of the offering, including the exercise of the overallotment option, suggests positive investor sentiment towards Credo Technology. The funds raised will likely strengthen the company's financial position, potentially supporting its growth initiatives and strategic investments in the high-speed connectivity market. Investors should monitor how the company deploys these additional capital resources.
Credo Technology Group Holding Ltd 8-K Report, Material Agreement (Dec 6, 2023)
Credo Technology Group Holding Ltd (CRDO) has announced an underwritten public offering of its ordinary shares. The offering involves the sale of 8,940,000 shares by the company and 1,060,000 shares by selling shareholders, including company insiders, at a price of $17.50 per share. The total gross proceeds from this offering are expected to be approximately $175 million. It's important for investors to note that while the company will receive the majority of the proceeds ($156.5 million), the selling shareholders, which include members of management and the board, will receive $18.6 million. The underwriters also have a 30-day option to purchase an additional 1.5 million shares. The offering is expected to close around December 8, 2023. This move is likely intended to provide the company with additional capital for its operations or growth initiatives, while also allowing insiders to divest some of their holdings.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Nov 29, 2023)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on November 29, 2023, primarily to announce its financial results for the fiscal quarter ended October 28, 2023. While the 8-K itself does not contain the detailed financial figures, it references a furnished press release (Exhibit 99.1) which holds this crucial information. Investors should refer to this press release for specifics on revenue, profitability, and any forward-looking guidance provided by the company for the upcoming periods. The filing serves as a notification to the market regarding the release of these results. It's important for investors to note the standard disclaimer that the information furnished under Item 2.02 is not considered 'filed' for certain sections of securities law, meaning it doesn't carry the same liability implications as a formally filed document. However, the content of the press release remains the key takeaway for understanding Credo's recent financial performance and outlook.
Credo Technology Group Holding Ltd 8-K Report, Shareholder Vote Results (Oct 18, 2023)
Credo Technology Group Holding Ltd (CRDO) held its 2023 Annual General Meeting on October 17, 2023, as detailed in their October 18, 2023, 8-K filing. The meeting addressed key governance matters, including the election of directors, advisory votes on executive compensation frequency, and the ratification of their independent auditor. The results indicate strong shareholder support for the company's proposed director nominees and the continued engagement of Ernst & Young LLP as their auditor. The advisory vote on the frequency of executive compensation votes also showed a clear preference for an annual vote. Overall, the outcomes suggest shareholder confidence in the company's current leadership and financial oversight.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Aug 24, 2023)
Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on August 24, 2023, to announce its financial results for the fiscal quarter ended July 29, 2023. While the filing itself is brief, it directs investors to a furnished press release (Exhibit 99.1) for detailed financial performance. This is a standard procedure for disseminating quarterly earnings information, allowing the company to provide comprehensive details and commentary on its operational and financial condition in a timely manner. Investors should focus on the content of the press release for a thorough understanding of CRDO's performance during the quarter. Key areas to scrutinize within the press release will include revenue growth, profitability metrics, operating expenses, cash flow generation, and any forward-looking guidance provided by management. These elements are crucial for assessing the company's current health and future prospects.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (May 31, 2023)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on May 31, 2023, to announce its financial results for the fiscal year ended April 29, 2023. The key takeaway from this filing is the issuance of a press release containing these financial results, which is furnished as Exhibit 99.1. Investors should refer to this press release for detailed financial performance information, including revenue, profitability, and any forward-looking guidance provided by the company. This 8-K primarily serves as a notification and furnishing of the press release. While the filing itself is brief, the accompanying press release is the substantive document for understanding Credo's recent financial performance and outlook. Investors are encouraged to review the press release in its entirety to gain a comprehensive understanding of the company's financial condition and operational results for the reported fiscal year.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Mar 1, 2023)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on March 1, 2023, to announce its financial results for the fiscal quarter ended January 28, 2023. The report primarily directs investors to the press release furnished as Exhibit 99.1 for detailed financial and operational information. Investors should refer to this press release for specifics on revenue, profitability, and any forward-looking guidance provided by the company. It is important to note that the information furnished under Item 2.02 and Exhibit 99.1 is not considered 'filed' for legal liability purposes under Section 18 of the Exchange Act, nor is it automatically incorporated into other SEC filings.
Credo Technology Group Holding Ltd 8-K Report, Regulation FD Disclosure (Feb 14, 2023)
Credo Technology Group Holding Ltd. (CRDO) has announced a significant update impacting its near-term revenue outlook. The company's largest customer has revised its demand forecast downwards for specific products, a move Credo attributes to factors external to its own performance and does not expect to affect its market share with that customer. This reduction, compounded by prevailing macroeconomic headwinds, has led Credo to adjust its fiscal fourth quarter revenue projection (ending April 29, 2023) to a range of $30 million to $32 million. Looking ahead, Credo anticipates its full fiscal year revenue ending April 27, 2024, will be flat compared to the current fiscal year. Despite this short-term pressure, the company projects sequential revenue growth starting from a low point in either Q4 FY23 or Q1 FY24 and expects its long-term financial model to remain consistent. Credo is actively managing operating expenses to align with future growth and profitability, while expressing continued confidence in the underlying technological trends and the demand for its connectivity solutions.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Nov 30, 2022)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on November 30, 2022, to announce its financial results for the fiscal quarter ended October 29, 2022. The core of this filing is the furnished press release (Exhibit 99.1), which provides the company's performance data for the period. Investors should refer to this press release for specific financial metrics and operational updates. While the 8-K itself does not contain the detailed financial results, it formally notifies the market of their release. The filing also includes the interactive data file for the cover page, enhancing data accessibility. Importantly, the information furnished under Item 2.02 is not considered "filed" for regulatory purposes, meaning it doesn't carry the same liability implications under Section 18 of the Exchange Act, nor is it automatically incorporated into other filings.
Credo Technology Group Holding Ltd 8-K Report, Shareholder Vote Results (Sep 21, 2022)
Credo Technology Group Holding Ltd (CRDO) held its 2022 Annual General Meeting on September 20, 2022, where shareholders voted on key corporate matters. The primary focus of this 8-K filing is to report the outcomes of these shareholder votes. Investors can take comfort in the strong shareholder support for the proposed actions. The meeting saw the election of three Class I directors to serve until the 2025 Annual General Meeting, with all nominees receiving overwhelming approval. Additionally, shareholders overwhelmingly ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending April 29, 2023. These votes indicate a unified direction and confidence from the shareholder base in the company's governance and financial oversight.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Aug 31, 2022)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on August 31, 2022, to announce its financial results for the fiscal quarter ended July 30, 2022. While the filing itself is brief, it directs investors to the accompanying press release (Exhibit 99.1) for detailed financial performance. This is a standard procedure for earnings announcements, and the information provided in this 8-K is furnished, not filed, meaning it doesn't carry the same legal implications as a formally filed document under certain sections of the Exchange Act.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Jun 1, 2022)
Credo Technology Group Holding Ltd (CRDO) announced its financial results for the fiscal year ended April 30, 2022, via a press release filed on June 1, 2022. While the specific financial figures are detailed in the furnished press release (Exhibit 99.1), this filing primarily serves to report the results. Investors should refer to the press release for comprehensive details on revenue, profitability, and other key performance indicators for the fiscal year. Furthermore, the company's Board of Directors approved a significant change to its fiscal year structure, effective in fiscal year 2023. Credo Technology will transition from a standard calendar month-end accounting period to a 4-4-5 week quarterly accounting period, resulting in a 52-week fiscal year. This change aims to standardize quarterly reporting periods, with each quarter comprising 13 weeks. The new fiscal quarters will end on July 30, October 29, January 28, and April 29.
Credo Technology Group Holding Ltd 8-K Report, Corporate Update (Apr 13, 2022)
Credo Technology Group Holding Ltd (CRDO) disclosed in an 8-K filing on April 13, 2022, that a key supplier has notified the company of potential manufacturing disruptions in China due to government COVID lockdown mandates. This development poses a risk to Credo's ability to meet its previously issued revenue guidance. The company is actively working with its suppliers to minimize the impact of these disruptions. Investors should closely monitor any further updates regarding the duration and severity of these supply chain issues and their potential effect on Credo's financial performance.
Credo Technology Group Holding Ltd 8-K Report, Financial Results (Mar 9, 2022)
Credo Technology Group Holding Ltd (CRDO) filed an 8-K on March 9, 2022, primarily to announce its financial results for the fiscal quarter ended January 31, 2022. The company furnished a press release detailing these results, which is the key information investors should focus on. While the full financial details are within the press release (Exhibit 99.1), this 8-K filing itself serves as the notification mechanism for the release of this material information to the public.
Credo Technology Group Holding Ltd 8-K Report, Corporate Update (Feb 10, 2022)
This 8-K filing from Credo Technology Group Holding Ltd (CRDO) details the full exercise of the underwriter's option to purchase additional shares following their Initial Public Offering (IPO). The IPO, which priced on January 31, 2022, initially saw the company sell 18,383,800 ordinary shares and certain existing shareholders sell 1,616,200 shares at $10.00 per share. The underwriters' 30-day option to purchase an additional 3,000,000 shares from the company has now been fully exercised, with the purchase closing on February 10, 2022. This exercise of the over-allotment option indicates strong demand and investor confidence in Credo Technology following its public debut. For investors, this means that the total number of shares sold in the IPO, including the overallotment, will be higher than initially planned, potentially impacting ownership dilution and overall market capitalization. The filing confirms the completion of this secondary transaction related to the IPO, providing clarity on the final share count and proceeds.
Credo Technology Group Holding Ltd 8-K Report, Agreement Terminated (Feb 1, 2022)
This 8-K filing from Credo Technology Group Holding Ltd (CRDO) details significant corporate actions taken in connection with its Initial Public Offering (IPO), which closed on January 31, 2022. The most investor-relevant information revolves around the changes to the company's capital structure and governance agreements that became effective immediately prior to the IPO closing. These changes are standard for companies going public and aim to streamline operations and align shareholder interests post-IPO. The filing confirms the termination of certain pre-IPO agreements, including a Right of First Refusal and Co-Sale Agreement and a Voting Agreement, which previously governed the rights and voting powers of founders and certain investors. Additionally, all outstanding preferred shares were automatically converted into ordinary shares, and the company's Memorandum and Articles of Association were amended and restated to reflect its status as a publicly traded entity. These actions are crucial for establishing a clear and simplified share structure and governance framework for the company as it transitions to public markets.