Navitas issues 3.3M shares for merger earnout; 3.4M more shares at risk if stock hits targets

Filed June 4, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• high

  Up to 3.4M additional shares could be issued by Oct 2026 if stock price targets are met, representing potential 1-2% dilution beyond shares already issued.

  Item 8.01 verify on EDGAR →
• medium

  Company issued 3.3M shares on June 4 to satisfy merger earnout obligations from 2021 business combination, completing first two milestone events.

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• medium

  Total earnout shares issued to date: 6.6M shares (approximately 2-3% dilution), with all obligations for first two triggering events now complete.

  Item 8.01 verify on EDGAR →