Navitas issues 3.28M shares to satisfy earnout obligations under business combination agreement

Navitas Semiconductor Corp

Issued 3,277,438 shares to former Legacy Navitas stockholders for Triggering Event II.
Issued 6,406 shares to employees net of tax withholding for Triggering Event I and II.
Total shares issued to date under the agreement: 6,561,282; all Triggering Event I and II issuances completed.
Former stockholders retain contingent right to up to 10M additional shares if price targets met by Oct 19, 2026.

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