Navitas Semiconductor issues 3.28M shares to finalize earnout obligations

Navitas Semiconductor Corp

Issued 3,280,666 shares of Class A common stock to satisfy Triggering Event III under the 2021 Business Combination Agreement.
Total earnout shares issued now 9,841,948; all Triggering Events and earnout issuances completed.
Earnout shares were contingent on stock price achieving targets by October 19, 2026; all targets now met.
No further earnout shares remain issuable; contingent liability fully resolved.

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