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News  ›  Investing.com

Navitas $100M Capital Raise Extends Runway Yet Highlights Balance-Sheet Risk

Investing.com Logo Investing.com By Timothy Fries
Navitas $100M Capital Raise Extends Runway Yet Highlights Balance-Sheet Risk

Navitas Semiconductor raised $100 million through a private placement offering, selling 14.8 million shares at $6.75 per share, which caused its stock to decline 13.19%. The capital raise aims to support the company's strategic transformation into 'Navitas 2.0', focusing on high-power markets like AI data centers and energy infrastructure.

Insights
NVTS   negative

Stock declined 13.19% due to share dilution, discounted share price, and ongoing financial losses (negative Q3 earnings of -$10.18 million and trailing twelve-month net loss of $125 million)