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-0.000627652897309463 0.00105318028531612 0.0047765449303731 -0.00160636588972442 0.0047765449303731 -0.0032020935947489 -0.0239465537600663 -0.0271273709854149
Stock impact report

Navitas (NVTS) Soars 22% on $100-Million Fundraising Program [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
Navitas snapped a five-day losing streak on Monday, soaring 22.45 percent to close at $9.60 apiece, after successfully raising $100 million in fresh funds to finance its expansion program. In an updated report, Navitas Semiconductor Corp. (NASDAQ:NVTS) said it sold more than 14.8 million new common shares under a private placement at a price of $6.75 apiece. “This capital raise enables us to support Navitas' transformation and accelerate our momentum into higher-power markets,” said Navitas Semiconductor Corp. (NASDAQ:NVTS) President and 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 added. The share sale followed the results of the company's earnings performance in the third quarter of the year. During the period, Navitas Semiconductor Corp. (NASDAQ:NVTS) incurre Show less Read more
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