Company: SNPS
Filing Date: 2025-07-17
Form Type: 425
Source: 0001140361-25-026144
Chunk: 5

Company: SYNOPSYS INC
Filing Date: 2025-07-17
Form: 425
Chunk 5
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ger, at the Effective Time, each share of Company Common Stock outstanding immediately prior to the Effective Time (except as described in Item 2.01 of this Current Report on Form 8-K) was automatically canceled and converted into the right to receive the Merger Consideration pursuant to the terms of the Merger Agreement. Accordingly, at the Effective Time, holders of such shares of Company Common Stock ceased to have any rights as stockholders of the Company, other than the right to receive the Merger Consideration pursuant to the terms of the Merger Agreement.

| Item5.01 | Changes in Control of Registrant. |

The information contained in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.01. As a result of the consummation of the Merger and pursuant to the Merger Agreement, at the Effective Time, a change in control of the Company occurred and the Company became a wholly owned subsidiary of Synopsys. Synopsys funded the cash consideration through a combination of its cash on hand and debt financing.

| Item5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |

The information contained in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.02. As a result of the Merger and pursuant to the Merger Agreement, as of the Effective Time, each of the members of the Company’s Board of Directors as of immediately prior to the Effective Time resigned and ceased to be directors of the Company and members of any committee or subcommittee of the Company’s Board of Directors, and the directors of Merger Sub as of immediately prior to the Effective Time became the directors of the Company. As of the Effective Time, the officers of Merger Sub as of immediately prior to the Effective Time became the officers of the Company.

| Item5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |

The information contained in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03. Pursuant to the Merger Agreement, effective as of the Effective Time, the certificate of incorporation and the bylaws of the Company were amended and restated in their entirety. Copies of the amended and restated certificate of incorporation and bylaws of the Company are attached hereto as Exhibits 3