Navitas Semiconductor Raises $100 Million in Private Stock Placement
Reuters
Nov 07
<a href="https://laohu8.com/S/NVTSW">Navitas Semiconductor</a> Raises $100 Million in Private Stock Placement
Navitas Semiconductor Corporation has announced a private placement of its Class A common stock, raising approximately $100 million in gross proceeds. The company will sell 14,814,813 shares at $6.75 per share in a transaction expected to close around November 10, 2025, subject to customary conditions. The offering is being conducted under Section 4(a)(2) of the Securities Act and Regulation D, meaning the shares have not been registered and may only be resold under certain conditions. Navitas plans to use the net proceeds for working capital and general corporate purposes, supporting its strategy to expand into high-power markets such as AI data centers and industrial electrification. Needham & Company is acting as the sole placement agent for the transaction.
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