Corporate ActionMay 13, 2026, 08:22 AM
Navitas Semiconductor Completes $122M At-The-Market Offering
AI Summary
Navitas Semiconductor Corporation announced the completion of its "at the market offering" program. The company sold 6,529,666 shares of its Class A common stock, resulting in approximately $122.0 million in net proceeds after commissions and estimated offering expenses. The offering was conducted through a Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC, and all shares registered under the ATM Prospectus Supplement have been fully sold.
Key Highlights
- Navitas Semiconductor completed its "at the market offering" program.
- Sold 6,529,666 shares of Class A common stock.
- Generated approximately $122.0 million in net proceeds.
- Sales agents included Craig-Hallum Capital Group LLC and UBS Securities LLC.
- The offering program was for up to $125.0 million.
- All registered shares under the ATM Prospectus Supplement have been fully sold.