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Get filing alertsNavitas launches up to $125M at-the-market stock offering through Craig-Hallum and UBS
Filed May 11, 2026 · Period ending May 11, 2026 · ~1 min read
Key Changes
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Navitas established an at-the-market equity program to sell up to $125 million of Class A common stock over time at prevailing market prices. The company has no obligation to sell shares and can suspend the program anytime, providing flexible capital access.
Item 1.01 verify on EDGAR → -
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Sales will be executed through Craig-Hallum and UBS Securities acting as agents, who will receive up to 3% of gross proceeds as compensation. The company will net approximately 97% of any sale proceeds under standard ATM fee structures.
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The offering operates under a newly effective shelf registration statement (Form S-3ASR) filed May 11, 2026, which allows immediate access to capital markets without additional SEC review delays.
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Company formally terminated an expired sales agreement with Jefferies LLC that had already lapsed in July 2025. This administrative notice eliminates uncertainty about the prior agreement's status.
Item 1.01 verify on EDGAR →
Summary
Navitas Semiconductor has established a $125 million at-the-market equity offering program, giving the company flexible access to capital by selling shares directly into the market at prevailing prices rather than through a traditional underwritten offering.
This mechanism allows management to raise funds opportunistically when stock prices are favorable or when capital needs arise, but it also means existing shareholders face potential dilution as new shares enter circulation. Retail investors should understand that ATM programs signal management's desire for capital flexibility, though the company has no obligation to sell any shares.
The 3% agent fee is standard for such arrangements. The key question is why Navitas needs this capital access now—whether for growth investments, operational needs, or as a precautionary measure. Watch for actual share sales disclosed in future quarterly reports (Form 10-Q) under the "Equity" section of financial statements. The number of shares sold and timing will reveal management's capital strategy and provide insight into whether the company is experiencing cash flow pressures or pursuing growth opportunities.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 11, 2026, Navitas Semiconductor Corporation, a Delaware corporation (the “Company”), entered into a Sales Agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC and UBS Securities LLC (together, the “Sales Agents”). The Sales Agreement provides for the offer and sale of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), from time to time through an “at the market offering” program under which the Sales Agents will act as sales agents or principals, subject to certain limitations. Pursuant to the prospectus supplement filed by the Company on May 11, 2026 (the “ATM Prospectus Supplement”), the Company may offer and sell up to $125.0 million of shares of Common Stock pursuant to the terms of the Sales Agreement.
The company established an at-the-market equity offering program allowing it to sell up to $125 million of Class A common stock over time through two investment banks acting as sales agents. This is a flexible capital-raising mechanism where shares can be sold directly into the market at prevailing prices rather than through a traditional underwritten offering. The company has no obligation to sell any shares and can suspend the program at any time.
Added in current filing · verify on EDGAR →
Any sales of shares under the Sales Agreement will be made pursuant to the Company’s shelf registration statement on Form S-3ASR (File No. 333-295754), including the related prospectus, which became effective immediately upon filing with the Securities and Exchange Commission on May 11, 2026, as supplemented by the ATM Prospectus Supplement.
The ATM offering is being conducted under a newly effective shelf registration statement that allows the company to register securities for future sale. The automatic shelf registration (S-3ASR) became effective immediately upon filing, enabling the company to access capital markets quickly when needed.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 8, 2026, the Company delivered written notice to Jefferies LLC (“Jefferies”) of the termination of the Open Market Sale Agreement, dated as of March 19, 2025, by and between the Company and Jefferies (the “Jefferies Sales Agreement”), pursuant to Section 7(a) thereof. The Jefferies Sales Agreement had previously terminated in July 2025 upon the expiration of the applicable agency period; however, the Company provided such notice to avoid any uncertainty regarding the status of the Jefferies Sales Agreement.
The company sent formal termination notice for a sales agreement with Jefferies that had already expired in July 2025. This is an administrative action to eliminate any ambiguity about the agreement's status, not a new business development.
Event · Item 9.01 — Financial Statements and Exhibits
Navitas entered a sales agreement with Craig-Hallum and UBS Securities on May 11, 2026, likely for an at-the-market equity offering program.
Added in current filing · verify on EDGAR →
Sales Agreement, dated May 11, 2026, by and among Navitas Semiconductor Corporation, Craig-Hallum Capital Group LLC and UBS Securities LLC.
Navitas has entered into a sales agreement with two securities firms, Craig-Hallum Capital Group and UBS Securities. This type of agreement typically establishes an at-the-market (ATM) equity offering program, allowing the company to sell shares into the market over time at prevailing prices. Such arrangements provide flexible access to capital but can dilute existing shareholders.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify