White & Case advises Needham & Company on Navitas’s US$100 million common stock PIPE

Global law firm White & Case LLP has advised Needham & Company, as the sole placement agent, on Navitas Semiconductor Corporation's private placement of approximately 14.8 million shares of the company's common stock at a purchase price of US$6.75 per share, for aggregate gross proceeds of approximately US$100 million.

The company intends to use the net proceeds from this offering for working capital and other general corporate purposes.

Navitas is a next-generation power semiconductor leader in gallium nitride and IC integrated devices, and high-voltage silicon carbide technology, driving innovation across AI data centers, performance computing, energy and grid infrastructure and industrial electrification.

The White & Case team was led by Capital Markets partner Drew Valentine (New York), and included Capital Markets associate Karen Chan and Law Clerk Hopper Murray (both in New York).

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