Navitas Semiconductor buys 1,461,988 Magnachip shares for $5 million in private placement

Bitget2026/09/21 16:05

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Navitas entered a stock purchase agreement to buy 1,461,988 Magnachip common shares for USD 5 million.
Deal price set at USD 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Navitas Semiconductor Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-109125), on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Navitas Semiconductor buys 1,461,988 Magnachip shares for $5 million in private placement

You may also like

Crypto prices