Navitas Semiconductor Corp

Navitas Semiconductor Corporation announced the issuance of 3,280,666 shares of its Class A common stock. This issuance fulfills the company's obligations for Triggering Event III as defined in the Business Combination Agreement from May 6, 2021. With this, all triggering events under the agreement have been met, and all required earnout share issuances have been completed, totaling 9,841,948 shares issued.

Navitas Semiconductor Corporation announced that Dr. Ranbir Singh resigned from its Board of Directors, effective June 9, 2026. Dr. Singh had been a board member since November 2024 and served as the Chair of the Executive Steering Committee. Although no reason for his resignation was provided in the filing, the company referenced Dr. Singh's prior Schedule 13D filings from April and May 2026.

Navitas Semiconductor participated in NVIDIA's Partner Ceremony and showcased its 800 V-to-6 V DC-DC power delivery board (PDB) at COMPUTEX 2026. This PDB, powered by GaNFast technology, is designed for NVIDIA's AI Factory MGX™ platform, aiming to maximize system efficiency, reliability, and power density in next-generation AI data centers. The collaboration with NVIDIA leverages Navitas' GaN and SiC power technologies to enable megawatt-scale AI server racks with higher power density and improved thermal performance, accelerating the transition to more efficient AI infrastructure.

On May 22, 2026, Navitas Semiconductor Corporation issued 3,277,438 shares of its Class A common stock. This issuance satisfies the company's obligations for "Triggering Event I" as defined in the Business Combination Agreement from May 6, 2021. The agreement also includes a contingent right for former Legacy Navitas stockholders to receive up to 10,000,000 additional shares if specific stock price targets are met by October 19, 2026.

Navitas Semiconductor Corp. entered into a Settlement, Release and Amendment Agreement with Live Oak Sponsor Partners II, LLC on May 18, 2026, to resolve disputes regarding earnout shares from a 2021 business combination. Under the agreement, Navitas will transfer 726,225 Sponsor Earnout Shares to Live Oak Sponsor, making them no longer subject to vesting or forfeiture. This is in addition to 421,000 previously earned shares. Live Oak Sponsor forfeited 115,775 Sponsor Earnout Shares. Both parties agreed to a general release of claims and confidentiality provisions.

Navitas Semiconductor announced that its CEO, Chris Allexandre, and CFO, Tonya Stevens, will participate in two upcoming investor conferences. They will host one-on-one meetings with investors and analysts at the Craig-Hallum Institutional Investor Conference on May 28, 2026, in Minneapolis. Additionally, they will attend the Evercore Global TMT Conference on June 3, 2026, in San Francisco, which will include a fireside chat available via webcast.

Navitas Semiconductor is set to showcase its latest GaN and SiC power semiconductors at PCIM 2026, targeting advancements in AI data centers, energy and grid infrastructure, and industrial electrification. The company will highlight new GaNFast FETs, expanded GaNSafe, GaNSlim, and Bi-directional GaN IC families, alongside 5th-generation GeneSiC TAP MOSFETs. Demonstrations will include high-efficiency power delivery solutions for AI data centers, such as a 20 kW 800 V-to-6 V board with 97.5% peak efficiency and a 10 kW 800 V-to-50 V platform achieving 98.5% peak efficiency and 2.1 kW/in³ power density.

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.

Navitas Semiconductor Corp. has filed its definitive proxy statement for its Annual Meeting of Stockholders on June 25, 2026. Key items for stockholder vote include the election of three Class II directors, a significant proposal to declassify the board of directors, an advisory resolution on executive compensation, and the ratification of KPMG LLP as the independent auditor for fiscal year 2026. If approved, the board declassification would result in all directors serving one-year terms, with re-election at the 2027 annual meeting.

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.