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AI English summary of an SEC filing — figures as filed

Synopsys logoSynopsys SNPS

Synopsys said this Form 8-K includes Ansys's audited consolidated balance sheets as of December 31, 2023 and 2024, and the related statements of income, comprehensive income, equity and cash flows for each of the 3 years ended December 31, 2024, as Exhibit 99.1.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Synopsys said this Form 8-K includes Ansys's audited consolidated balance sheets as of December 31, 2023 and 2024, and the related statements of income, comprehensive income, equity and cash flows for each of the 3 years ended December 31, 2024, as Exhibit 99.1.

  2. The company provided unaudited pro forma condensed combined financial statements in Exhibit 99.2 that give effect to the merger and other related transactions. The balance sheet is as of January 31, 2025, and the statements of operations cover the year ended October 31, 2024 and the 3 months ended January 31, 2025.

  3. Synopsys said the pro forma financial information is for informational purposes only and is based on certain assumptions and estimates. It said the information supplements and supersedes the pro forma information it disclosed in Amendment No. 1 to Form S-4 filed on April 11, 2024.

  4. Synopsys said that under the merger agreement signed on January 15, 2024, Merger Sub will merge with Ansys, with Ansys surviving as a wholly owned subsidiary of Synopsys. It said this 8-K does not modify or update its existing 10-K and 10-Q financial statements.

Summary

AI-written

Analysis scope · Filing body only (exhibits excluded)We analyzed the filing body only. The exhibits exceeded the length limit and were excluded, so figures, financial statements and presentation materials in them were not reviewed.

Inclusion of Ansys Audited Financial Statements

Synopsys said this Form 8-K includes Ansys's audited consolidated balance sheets as of December 31, 2023 and 2024, and the related statements of income, comprehensive income, equity and cash flows for each of the 3 years ended December 31, 2024, as Exhibit 99.1.

Source · Based on the filing body (exhibits excluded)

Pro Forma Financial Information Reflecting the Merger

The company provided unaudited pro forma condensed combined financial statements in Exhibit 99.2 that give effect to the merger and other related transactions. The balance sheet is as of January 31, 2025, and the statements of operations cover the year ended October 31, 2024 and the 3 months ended January 31, 2025.

Source · Based on the filing body (exhibits excluded)

Nature of Pro Forma Information and Replacement of Prior Disclosure

Synopsys said the pro forma financial information is for informational purposes only and is based on certain assumptions and estimates. It said the information supplements and supersedes the pro forma information it disclosed in Amendment No. 1 to Form S-4 filed on April 11, 2024.

Source · Based on the filing body (exhibits excluded)

Merger Structure and Unchanged Historical Financial Statements

Synopsys said that under the merger agreement signed on January 15, 2024, Merger Sub will merge with Ansys, with Ansys surviving as a wholly owned subsidiary of Synopsys. It said this 8-K does not modify or update its existing 10-K and 10-Q financial statements.

Source · Based on the filing body (exhibits excluded)

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.