Navitas Semiconductor buys 1,461,988 Magnachip shares for $5 million in private placement
NVTS•Navitas agrees to buy Magnachip shares in private placement
Navitas Semiconductor entered a stock purchase agreement to buy 1,461,988 Magnachip common shares for $5 million.
- Deal price set at $3.42 per share.
- Closing expected on or about Sept. 24, 2026, subject to customary conditions.
- Magnachip to file a Form S-3 within 30 days of closing to register the shares for resale.
