NVTS - Public offerings

TORRANCE, Calif., June 05, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (NASDAQ:NVTS) today announced, in connection with its previously announced public offering of 10,000,000 shares of its Class A common stock, the full exercise by the underwriters of their option to purchase 1,500,000 additional shares of Class A common stock at the public offering price of $8.00 per share, resulting in additional gross proceeds to Navitas of $12.0 million, before deducting underwriting discounts and commissions and offering expenses. After giving effect to the full exercise of the option to purchase additional shares, the total number of shares sold by Navitas in the offering increased to

TORRANCE, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in next-generation power semiconductors, announced the first in a series of strategic manufacturing investments, to increase control, reduce costs and enhance revenue capacity for its GeneSiC silicon carbide (SiC) power semiconductors. An initial $20 million investment enables a three-reactor SiC epi-growth facility at the company's Torrance, CA headquarters. Adding a SiC epitaxial (or "epi") layer onto a raw SiC wafer is the first step in manufacturing individual SiC power devices. The first AIXTRON G10-SiC epitaxy reactor, with 6" and 8" wafer capability, is expected to be f

TORRANCE, Calif., May 25, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NTVS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, has announced participation in a series of upcoming investor conferences. The conferences will provide investors the opportunity to discuss Navitas' Q1 results , inclusion in the Russell 3000 Index, and recent $80M offering, including potential use of funds including additional working capital, investments in strategic manufacturing, and flexibility for additional merger and acquisition activity. Navitas' public offering presentation is available o

TORRANCE, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (NASDAQ:NVTS), an industry leader in next-generation power semiconductors, announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $8.00 per share. All of the shares in the offering are being offered by Navitas. The gross proceeds to Navitas from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $80.0 million. In addition, Navitas has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock

TORRANCE, Calif., May 23, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (NASDAQ:NVTS), an industry leader in next-generation power semiconductors, announced today that it has commenced an underwritten public offering of $80.0 million of shares of its Class A common stock. All of the shares in the proposed offering are being offered by Navitas. In addition, Navitas intends to grant the underwriters a 30-day option to purchase up to an additional $12.0 million of shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether