Navitas Semiconductor Corporation entered into a Stock Purchase Agreement with Magnachip Semiconductor Corporation on September 18, 2026. Under the agreement, Navitas agreed to purchase 1,461,988 shares of Magnachip’s common stock at $3.42 per share for an aggregate consideration of $5,000,000. The transaction is expected to close on or about September 24, 2026, subject to customary conditions. Magnachip has agreed to file a Form S-3 registration statement within 30 days following closing to allow Navitas to resell the shares. This strategic investment involves Navitas Semiconductor Corporation, which designs and manufactures wide-bandgap power semiconductors.
