Navitas raises $122M through rapid sale of 6.5M shares in at-the-market offering

Filed May 13, 2026 · Period ending May 12, 2026 · ~1 min read

Key Changes

• high

  Company completed $125M at-the-market stock offering in one day, selling 6.5M shares at prevailing market prices with net proceeds of approximately $122M after fees and expenses.

  Item 8.01 verify on EDGAR →
• high

  The offering represents immediate dilution of roughly 6.5M shares to existing shareholders, with shares sold through sales agents Craig-Hallum and UBS Securities directly into the market.

  Item 8.01 verify on EDGAR →
• medium

  The ATM program was established and fully executed within 24 hours (May 11-12, 2026), suggesting strong demand or urgent capital needs that allowed the company to quickly raise the full registered amount.

  Item 8.01 verify on EDGAR →