other material
confidence high
sentiment negative
materiality 0.75
Navitas Semiconductor enters $125M ATM equity offering; terminates prior Jefferies sales agreement
Navitas Semiconductor Corp
- Entered Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC for ATM offering of up to $125M of Class A common stock.
- Agents receive up to 3.0% of gross proceeds; shares sold on Nasdaq or in negotiated transactions at market prices.
- On May 8, 2026, terminated the Jefferies Open Market Sale Agreement dated March 19, 2025, to avoid uncertainty.
- Offering made under shelf registration statement on Form S-3ASR filed May 11, 2026.