Navitas Semiconductor launches $125M ATM, has raised ~$122M to date

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2026.05.13 12:23
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Navitas Semiconductor has launched an at-the-market equity program of up to $125 million, raising approximately $122 million to date. The company entered a sales agreement with Craig-Hallum and UBS to sell Class A common stock. As of May 12, 2026, 6,529,666 shares have been sold, netting about $122 million after commissions and expenses. The shares registered under the ATM prospectus supplement are expected to be fully sold, according to the original SEC filing.