Navitas Semiconductor Expects to Raise $100 Million From Private Placement-February 2024-www.financetom.com

Navitas Semiconductor Expects to Raise $100 Million From Private Placement

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Navitas Semiconductor Expects to Raise $100 Million From Private Placement

Nov 7, 2025 6:51 AM

09:24 AM EST, 11/07/2025 (MT Newswires) -- Navitas Semiconductor ( NVTS ) said Friday that it expects to raise gross proceeds of about $100 million through a private placement of roughly 14.8 million class A common shares at $6.75 apiece.

Navitas said the private placement is expected to close around Nov. 10, and net proceeds would be used for working capital and other general corporate purposes.

Shares of the company were down more than 12% in recent Friday premarket activity.

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