Navitas Semiconductor enters $50M at-the-market equity offering with Jefferies

Navitas Semiconductor Corp

Entered into Open Market Sale Agreement with Jefferies LLC for up to $50M in Class A common stock.
Shares sold through 'at the market offering' program under existing S-3 registration statement.
Jefferies to receive up to 3.0% compensation on gross sales price; company has no obligation to sell any shares.
Proceeds intended for working capital, general corporate purposes, potential acquisitions or strategic investments.
No existing agreements or commitments for any acquisitions; offering may be terminated by either party.

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