NVTS · Navitas Semiconductor Corporation

Navitas Semiconductor Corporation executed a Sales Agreement on May 11, 2026, with Craig-Hallum Capital Group LLC and UBS Securities LLC to facilitate an at-the-market (ATM) offering of its Class A common stock. This structure allows flexible, opportunistic sales without a fixed pricing commitment, enabling the company to raise capital efficiently in response to market conditions. The agreement caps offerings at $125.0 million under a prospectus supplement filed the same day. Remarkably, by May 12, 2026, the company had already sold 6,529,666 shares, securing approximately $122.0 million in net proceeds after deducting commissions and estimated expenses. With all registered shares fully sold—pending settlement of processed trades—this rapid execution maximizes near-term liquidity. For investors, this influx of capital bolsters the balance sheet, providing resources for growth initiatives, R&D in power semiconductors, or operational scaling, while diluting existing shareholders through new share issuance.