Navitas raises $100 million through private stock placement

Navitas Semiconductor Corporation (NASDAQ: NVTS) announced it has entered into a securities purchase agreement for a private placement of 14,814,813 shares of Class A common stock at $6.75 per share, generating approximately $100 million in gross proceeds.

The private placement is expected to close on or about November 10, 2025, subject to customary closing conditions. Needham & Company is serving as the sole placement agent for the transaction.

The company stated it intends to use the net proceeds for working capital and general corporate purposes. "This capital raise enables us to support Navitas' transformation and accelerate our momentum into higher-power markets," said Chris Allexandre, President and CEO of Navitas.

The securities are being offered through a private placement under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and have not been registered under federal securities laws. Navitas has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the shares no later than five business days following the purchase agreement date.

The company must use commercially reasonable efforts to have the registration statement declared effective as promptly as practical, and no later than 120 days following the purchase agreement date in the event of a full SEC review.

Navitas develops gallium nitride and silicon carbide power semiconductors for applications including AI data centers, performance computing, energy infrastructure, and industrial electrification. The company holds over 300 patents issued or pending.

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