Navitas Semiconductor Corp has filed a notice of an exempt offering of securities to raise $99,999,987.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Navitas Semiconductor Corp is raising up to $99,999,987.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Navitas Semiconductor Corp
Navitas Semiconductor (NASDAQ: NVTS) is the only pure-play, next-generation power-semiconductor company celebrating 10 years of power innovation founded in 2014. Navitas’ advanced GaNFast power ICs integrate gallium nitride (GaN) power, drive, control, sensing and protection to enable higher power density, faster charging and greater energy savings. Complementary GeneSiC power devices are optimized high-power, high-voltage and high-reliability silicon carbide (SiC) solutions. Focus markets include EV, solar, energy storage, home appliance, industrial, data center, mobile and consumer. Over 250 Navitas patents are issued or pending. As of August 2023, over 125 million GaNFast and 12 million GeneSiC units have been shipped, with the industrys first and only 20-year GaN warranty. Navitas was the worlds first semiconductor company to be CarbonNeutral-certified. It’s ranked 72nd on 2023 North American Deloitte Technology Fast 500 and top 50 in Forbes 2024 Most Successful Small Companies.
To learn more about Navitas Semiconductor Corp, visit https://navitassemi.com/
Navitas Semiconductor Corp Linkedin Page: https://www.linkedin.com/company/navitas-semiconductor/
Contact:
Chris Allexandre, President and Chief Executive Officer
844-654-2642
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