Business
Navitas Announces Private Placement of Common Stock for Proceeds of $100 Million
Raised capital supports the Navitas 2.0 strategy, accelerating the company’s transformation into high-power markets, driving scalable growth and long-term
About this update from Navitas Semiconductor Corporation
[{"type":"text","content":"Raised capital supports the Navitas 2.0 strategy, accelerating the company’s transformation into high-power markets, driving scalable growth and long-term value creation\nTORRANCE, Calif., Nov. 07, 2025 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, announced that it has entered into a definitive securities purchase agreement (the “Purchase Agreement”) for the purchase and sale of an aggregate of 14,814,813 shares of Class A common stock at a purchase price of $6.75 per share. The private placement is expected to close on or about November 10, 2025, subject to customary closing conditions. The aggregate gross proceeds to the Company from the private placement are expected to be approximately $100 million, before deducting the placement agent’s fees and offering expenses payable by the Company. Navitas intends to use the net proceeds from this offering for working capital and other general corporate purposes. Needham & Company is acting as the sole placement agent for the private placement. “This capital raise enables us to support Navitas’ transformation and accelerate our momentum into higher-power markets. We’re fueling and energizing the shift to Navitas 2.0, focusing our energy on the high-power markets that are shaping the future: AI data centers, performance computing, energy and grid infrastructure, and industrial electrification,” said Chris Allexandre, President and CEO of Navitas. The offer and sale of the securities described above are being offered and sold in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder, and have not been registered under the Act, or applicable state securities laws. Accordingly, such securities issued in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws. The Company has agreed to file a registration statement under the Act with the Securities and Exchange Commission (the “SEC”), covering the resale of the shares of Class A common stock to be issued in the private placement no...