Navitas Semiconductor Corporation (NASDAQ: NVTS) entered into a sales agreement on May 11, 2026, with Craig-Hallum Capital Group LLC and UBS Securities LLC to sell up to $125 million of Class A common stock through an at-the-market offering program.

Under the agreement, the sales agents may sell shares through various methods including direct sales on the Nasdaq Capital Market, negotiated transactions at prevailing market prices, or other legally permitted methods. The company has no obligation to sell shares under the agreement and may suspend the offering at any time.

The sales agents will receive compensation of up to 3% of gross proceeds from each sale. The offering will be conducted under the company's shelf registration statement on Form S-3ASR, which became effective upon filing with the Securities and Exchange Commission on May 11, 2026.

The agreement includes standard representations, warranties, and indemnification obligations between the parties. Sales will be made consistent with normal trading practices and applicable securities regulations.