Navitas Semiconductor Corporation
Navitas Semiconductor Enters New Sales Agreement
Summary
On May 11, 2026, Navitas Semiconductor Corporation entered into a new Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC for the offer and sale of up to $125.0 million of its Class A common stock through an 'at the market offering' program. The company also terminated its previous Open Market Sale Agreement with Jefferies LLC on May 8, 2026, to avoid any uncertainty regarding its status.
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About Navitas Semiconductor Corporation
Navitas Semiconductor Corporation is a leading innovator in the field of power semiconductors, specializing in the development and manufacturing of next-generation gallium nitride (GaN) power integrated circuits. These cutting-edge components are designed to enhance the efficiency and power density of electronic systems, offering significant advantages over traditional silicon alternatives. Navitas's products are instrumental in a wide array of applications, including fast chargers for mobile devices, data centers, solar inverters, and electric vehicles. The corporation's pioneering technology enables reductions in energy consumption and CO2 emissions, aligning with global sustainability goals. By addressing critical bottlenecks in power conversion and management, Navitas Semiconductor plays a pivotal role in advancing the performance and environmental impact of electronic devices. As the demand for more efficient, smaller, and lighter power solutions grows, Navitas Semiconductor remains at the forefront of this rapidly evolving sector, contributing to the transformation of industries and influencing technological advancements worldwide.
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