other material
confidence high
sentiment neutral
materiality 0.65
Navitas Semiconductor raises $122M net via ATM equity offering; program fully sold
Navitas Semiconductor Corp
- Entered into Sales Agreement with Craig-Hallum and UBS for ATM offering of up to $125M in common stock.
- Sold 6,529,666 shares with net proceeds of approximately $122M as of May 12, 2026.
- All shares registered under the ATM prospectus supplement are fully sold, pending settlement.
- Proceeds intended for general corporate purposes; no specific use stated.