Navitas Semiconductor prices 14.8M shares at $6.75 in private placement

Navitas Semiconductor (NVTS) entered into a definitive securities purchase agreement for the purchase and sale of an aggregate of 14,814,813 shares of Class A common stock at a purchase price of $6.75 per share. The private placement is expected to close on or about November 10, 2025, subject to customary closing conditions. The aggregate gross proceeds to the Company from the private placement are expected to be approximately $100M, before deducting the placement agent’s fees and offering expenses payable by the Company. Navitas intends to use the net proceeds from this offering for working capital and other general corporate purposes. Needham & Company is acting as the sole placement agent for the private placement.