Navitas completes $125.0 million ATM stock program
Navitas Semiconductor Corporation disclosed that it has effectively completed sales under its at-the-market stock offering program.
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Rhea-AI Filing Summary
Navitas Semiconductor Corporation disclosed that it has effectively completed sales under its at-the-market stock offering program. Under a Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC, the company could offer up to $125.0 million of Class A common stock through an at-the-market program.
As of May 12, 2026, Navitas has sold 6,529,666 shares of common stock, generating approximately $122.0 million in net proceeds after commissions and estimated offering expenses. Assuming all trades settle, the common stock registered under the related May 11, 2026 prospectus supplement has been fully sold.
Insights
Navitas has effectively completed its $125.0 million ATM equity program, raising about $122.0 million net.
Navitas Semiconductor entered a Sales Agreement with Craig-Hallum and UBS to sell Class A common stock via an at-the-market program, allowing gradual issuance of shares into the market up to $125.0 million.
By May 12, 2026, the company had sold 6,529,666 shares, receiving approximately $122.0 million in net proceeds after commissions and estimated offering expenses. This adds cash to the balance sheet while increasing the share count, with overall impact depending on how the capital is used versus dilution.
8-K Event Classification
Key Figures
Key Terms
at the market offering financial
Sales Agreement financial
prospectus supplement financial
net proceeds financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Item 8.01 | Other Events. |
On May 11, 2026, Navitas Semiconductor Corporation, a Delaware corporation (the “Company”), entered into a Sales Agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC and UBS Securities LLC (together, the “Sales Agents”). The Sales Agreement provides for the offer and sale of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), from time to time through an “at the market offering” program under which the Sales Agents will act as sales agents or principals, subject to certain limitations. Pursuant to the prospectus supplement filed by the Company on May 11, 2026 (the “ATM Prospectus Supplement”), the Company may offer and sell up to $125.0 million of shares of Common Stock pursuant to the terms of the Sales Agreement.
As of May 12, 2026, the Company has sold 6,529,666 shares with net proceeds of approximately $122.0 million, net of commissions and estimated offering expenses, under the ATM Prospectus Supplement. Assuming that all trades settle, including trades that have been processed but not yet settled, the Common Stock registered pursuant to the ATM Prospectus Supplement has been fully sold.
This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NAVITAS SEMICONDUCTOR CORPORATION | ||
| Dated: May 13, 2026 | ||
| By: | /s/ Chris Allexandre | |
| Chris Allexandre | ||
| President and Chief Executive Officer | ||