Navitas Semiconductor Corporation has entered into a definitive securities purchase agreement for a private placement of 14,814,813 shares of Class A common stock at a price of $6.75 per share. The transaction is expected to close on or about November 10, 2025, subject to customary closing conditions.
The private placement is anticipated to generate gross proceeds of approximately $100 million, before deducting placement agent fees and offering-related expenses. Navitas intends to use the net proceeds to support working capital and general corporate purposes as part of its ongoing growth strategy.
Needham & Company is serving as the sole placement agent for the offering.
“This capital raise enables us to support Navitas’ transformation and accelerate our momentum into higher-power markets. We’re fueling and energizing the shift to Navitas 2.0, focusing our energy on the high-power markets that are shaping the future: AI data centers, performance computing, energy and grid infrastructure, and industrial electrification,” said Chris Allexandre, President and CEO of Navitas.
The securities are being issued in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933 and Regulation D and have not been registered under federal or state securities laws. The company plans to file a registration statement with the U.S. Securities and Exchange Commission to cover the resale of the shares issued, no later than five business days following the agreement date.
The private placement is not an offer to sell or a solicitation of an offer to buy, and the securities may not be sold in the United States without registration or an applicable exemption from registration requirements.
Original – Navitas Semiconductor