Navitas Semiconductor Corporation entered into a Stock Purchase Agreement with Magnachip Semiconductor Corporation to acquire 1,461,988 shares of Magnachip common stock at $3.42 per share for an aggregate purchase price of $5,000,000. The transaction is expected to close on or about September 24, 2026, subject to customary conditions. Navitas operates in the semiconductor industry, designing and manufacturing wide-bandgap power semiconductors.
