other material
confidence high
sentiment neutral
materiality 0.75
Navitas Semiconductor raises $100M via private placement of 14.8M shares at $6.75/share
Navitas Semiconductor Corp
- Issued 14,814,813 shares of Class A common stock at $6.75 per share, gross proceeds ~$100M.
- Private placement closed on November 10, 2025.
- Net proceeds earmarked for working capital and general corporate purposes.
- Needham & Company served as sole placement agent with cash fee of 4% of gross proceeds.
- Shares issued under exemption from registration (Section 4(a)(2) and Regulation D).