M&A
confidence high
sentiment neutral
materiality 0.40
Navitas to buy $5M of Magnachip stock at $3.42/share; closing Sept 24
Navitas Semiconductor Corp
- Navitas entered into a Share Purchase Agreement to buy 1,461,988 Magnachip shares at $3.42 per share, aggregate $5,000,000.
- Closing expected on or about September 24, 2026, subject to customary closing conditions.
- Magnachip must file a resale registration statement on Form S-3 within 30 days after closing.
- This 8-K/A corrects the Purchase Agreement execution date from September 19 to September 18, 2026.
- Shares will be issued in a private placement exempt from registration under Section 4(a)(2)/Rule 506.