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Navitas issues 3,280,666 Class A common shares to settle final contingent earnout obligations under 2021 Business Combination Agreement NVTS Navitas Semiconductor Corp
Navitas Semiconductor Corporation issued 3,280,666 shares of Class A common stock on June 15, 2026, to satisfy obligations under a 2021 Business Combination Agreement. This issuance fulfilled the final contingent right of former Legacy Navitas stockholders to receive earnout shares based on stock price targets. Navitas Semiconductor Corporation is a semiconductor company that provides power and GaN technology solutions.
More from Navitas Semiconductor Corp Navitas reports Q3 revenue of $14.0M, up 38% year-over-year, with gross margin expanding to 21.5% Nov 3, 2026 Navitas closes acquisition of Claros, expanding AI power delivery portfolio Oct 6, 2026 Navitas buys 1.46M Magnachip shares for $5M in strategic investment expected to close September 24 Sep 21, 2026 Navitas buys 1.5M shares of Magnachip for $5M at $3.42 per share Sep 21, 2026 Navitas Semiconductor Corporation entered into a definitive Agreement and Plan of Merger to acquire Claros, Inc., a… Aug 25, 2026 All content on this site is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions.
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