Navitas Semiconductor Corporation entered into a new Sales Agreement with Craig-Hallum Capital Group and UBS Securities to establish an at-the-market equity program. The company may offer and sell up to $125.0 million of Class A common stock from time to time under this arrangement.
The sales can be made on Nasdaq or other markets at prevailing or related market prices, with the Sales Agents earning up to 3.0% of aggregate gross proceeds on shares they sell. Any sales will be made under Navitas’ automatic shelf registration statement on Form S-3ASR and a related prospectus supplement.
Navitas is not obligated to sell any shares and can suspend offerings at any time. The company also sent Jefferies LLC written notice confirming termination of a prior open market sale agreement to remove any uncertainty about its status.
Navitas Semiconductor Corporation is offering up to $125,000,000 of Class A common stock in an at-the-market sales agreement. The offering may be made from time to time through Craig-Hallum Capital Group LLC and UBS Securities LLC as sales agents. The prospectus supplement states the offer is being made under the Company’s shelf registration (Form S-3ASR) and assumes the Nasdaq last reported sale price of $18.20 per share on May 8, 2026.
The prospectus shows shares outstanding of 233,713,166 as of May 8, 2026 and illustrates an illustrative sale of 6,868,132 shares at $18.20 to reach the aggregate $125.0M. Net proceeds are stated to be used for working capital and general corporate purposes, including potential acquisitions. Sales agent commissions are up to 3.0% of gross proceeds.
Navitas Semiconductor Corporation filed a shelf registration statement to offer up to $250,000,000 of securities consisting of common stock, preferred stock, debt securities, warrants, rights and units, to be sold from time to time.
The prospectus states securities may be offered in one or more offerings from time to time after the effective date, with specific terms and amounts to be set forth in prospectus supplements. The document discloses Nasdaq listing information (Class A Common Stock trading under the symbol NVTS) and a last reported sale price of $18.20 per share as of May 8, 2026.
Morgan Stanley Smith Barney LLC submitted a Form 144 disclosing proposed resale of 85,000 shares of Common stock under a restricted-stock designation dated 03/13/2026. The filing lists multiple recent sales by Todd Glickman totaling 197,684 shares across three dates in February–March 2026.
The filing records per-sale amounts and dollar values; timing and methods for the 85,000-share resale are tied to the restricted-stock entry dated 03/13/2026.
Navitas Semiconductor reported weaker results for the quarter ended March 31, 2026. Net revenue fell to $8.6 million from $14.0 million a year earlier, mainly from lower mobile and consumer demand, especially in Asia and China. Cost of revenues dropped but stayed about 62% of sales, while research and development and selling, general and administrative costs remained high relative to revenue.
The company posted a net loss of $33.8 million versus $16.8 million last year, or -$0.15 per share compared with -$0.09. Results were further affected by a $7.9 million loss from the change in fair value of earnout liabilities and $10.3 million of stock-based compensation. Navitas ended the quarter with $223.4 million in cash, cash equivalents and restricted cash and used $16.4 million in operating cash flow, while continuing its Navitas 2.0 restructuring to emphasize high-power markets such as AI data centers and energy infrastructure.
Navitas Semiconductor reported first quarter 2026 revenue of $8.6 million, up sequentially but down from $14.0 million a year earlier as it pivots from mobile and consumer toward high-power markets like AI data centers and energy infrastructure.
GAAP results showed a net loss of $33.8 million, compared with a $16.8 million loss in the prior-year quarter, driven in part by a $7.9 million loss from the change in fair value of earnout liabilities and ongoing amortization of acquisition-related intangibles. On a non-GAAP basis, the net loss improved to $9.8 million from $11.2 million.
Non-GAAP gross margin reached 39.0%, up slightly from 38.7% in the prior quarter, while GAAP gross margin was negative due to amortization charges. The company ended March 31, 2026 with $221.0 million in cash and cash equivalents and $420.0 million of stockholders’ equity, supporting its strategy to grow in GaN and high-voltage SiC high-power applications.
LEE DAVIN reported acquisition or exercise transactions in this Form 4 filing.
Navitas Semiconductor Corp director Davin Lee received a stock-based compensation award. The filing reports a grant of 3,430 shares of Class A Common Stock in the form of restricted stock units (RSUs). These RSUs are scheduled to vest in full on June 9, 2026, delivering one share of common stock for each vested RSU, subject to the company’s equity incentive plan and potential share withholding to cover taxes.
Navitas Semiconductor Corp director Davin Lee filed an initial Form 3, which is the first statement of his beneficial ownership as an insider. The filing shows no reported transactions, meaning there are no share purchases, sales, or option exercises disclosed in this submission.
Navitas Semiconductor Corporation appointed semiconductor veteran Davin D. Lee as a Class III director, effective April 30, 2026, with his term running until the 2027 annual stockholders meeting. He will also serve on the Compensation Committee and the Governance and Sustainability Committee.
Lee will receive standard non-employee director compensation, including pro-rated cash retainers and an initial grant of 22,048 restricted stock units that vest in full immediately before the next annual director election, subject to his continued board service. The board reiterated its intention to reduce its size to eight directors at the 2027 annual meeting as part of an ongoing refresh and strategic pivot toward high-power semiconductor markets.
Navitas Semiconductor Corporation is soliciting proxies for its virtual 2026 Annual Meeting to be held on June 25, 2026. Stockholders will vote to elect three directors, consider a proposal to declassify the board so all directors stand for annual election beginning 2027, vote on advisory approval of executive compensation, and ratify KPMG LLP as auditor.
Holders of record as of April 28, 2026 may vote; there were 233,713,166 shares of Class A common stock outstanding on the record date. The Board recommends voting FOR the nominees and the declassification amendment.