Corporate ActionMay 11, 2026, 05:07 PM
Navitas Semiconductor Establishes $125M At-The-Market Equity Offering
AI Summary
Navitas Semiconductor Corporation has established an "at the market offering" program, entering into a Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC. This program allows the company to offer and sell up to $125.0 million of its Class A common stock from time to time. The Sales Agents will receive up to 3.0% compensation on gross proceeds, and the company is not obligated to sell any shares. Additionally, Navitas Semiconductor formally terminated its prior Open Market Sale Agreement with Jefferies LLC.
Key Highlights
- Navitas Semiconductor entered a Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC.
- The agreement allows for an "at the market offering" of up to $125.0 million of Class A common stock.
- Sales Agents will receive compensation of up to 3.0% of the aggregate gross proceeds from sales.
- The company has no obligation to sell any shares under the agreement.
- Navitas Semiconductor terminated its previous Open Market Sale Agreement with Jefferies LLC on May 8, 2026.