2023-05-23 16:56:58 ET
- Navitas Semiconductor ( NASDAQ: NVTS ) commences underwritten public offering of $80M of its class A common stock.
- All shares in the offering are being offered by Navitas, with a 30-day option for underwriters to purchase up to an additional $12M of Class A common stock.
- Completion of the offering, including size and terms, is subject to market and other conditions.
- Net proceeds from the offering will be used for working capital, general corporate purposes, and potential acquisitions or strategic manufacturing investments.
- Morgan Stanley and Jefferies serve as joint book-running managers for the proposed offering.
- Press Release
For further details see:
Navitas Semiconductor commences $80M public offering of class A common stock