Navitas Semiconductor Corporation has announced the completion of its at-the-market $(ATM.UK)$ offering program, resulting in the sale of Class A common stock shares worth $50 million. This follows a previous $50 million ATM program earlier in the year. The shares were sold under an Open Market Sale Agreement with Jefferies LLC acting as the sales agent. The offerings were conducted in accordance with the company's Registration Statement on Form S-3, and financial advisors included Needham & Company, LLC, Craig-Hallum Capital Group LLC, and Rosenblatt Securities Inc. The proceeds from these offerings are intended for working capital, general corporate purposes, and potential future acquisitions, although no specific agreements or commitments are currently in place.
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