News: Microelectronics
10 November 2025
Navitas announces private placement of common stock for proceeds of $100m
Gallium nitride (GaN) power IC and silicon carbide (SiC) technology firm Navitas Semiconductor of Torrance, CA, USA has entered into a definitive securities purchase agreement for the purchase and sale 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 10 November, subject to customary closing conditions. Needham & Company is acting as the sole placement agent.
Gross proceeds are expected to be about $100m, before deducting the placement agent’s fees and offering expenses payable by the company. Navitas intends to use the net proceeds for working capital and other general corporate purposes.
“This capital raise enables us to support Navitas’ transformation and accelerate our momentum into higher-power markets,” says president & CEO Chris Allexandre. “We’re fueling and energizing the shift to Navitas 2.0, focusing our energy on the high-power markets that are shaping the future: AI data centers, performance computing, energy and grid infrastructure, and industrial electrification,” he adds.
Navitas prices public offering to raise $80m, plus $12m option
