---
schema_version: "secwatch.filing_event.v1"
accession: "0001821769-23-000102"
form_type: "8-K"
ticker: "NVTS"
cik: "0001821769"
company_name: "Navitas Semiconductor Corp"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:32:13.844980+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Navitas underwriters exercise full option for 1.5M shares; total net proceeds $86.9M

## Summary
- Underwriters purchased additional 1,500,000 shares at $8.00, closing June 5, 2023.
- Total shares sold increased to 11,500,000; aggregate gross proceeds reached $92.0M.
- Net proceeds after discounts: $86.9M; additional $12M gross from option tranche.
- Proceeds to fund working capital, potential acquisitions, or strategic manufacturing investments.

## SEC filing metadata
- accession: 0001821769-23-000102
- form_type: 8-K
- ticker: NVTS
- cik: 0001821769
- company_name: Navitas Semiconductor Corp
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000102/0001821769-23-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000102/i-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821769-23-000102
- JSON: https://secwatch.observer/filing/0001821769-23-000102.json
- Plain text: https://secwatch.observer/filing/0001821769-23-000102.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.