January 25, 2022

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

Navitas concludes $30m forward-purchase transaction

Gallium nitride (GaN) power integrated circuit firm Navitas Semiconductor of El Segundo, CA, USA and Dublin, Ireland has concluded a prepaid, forward-purchase transaction, resulting in the removal of restrictions affecting $30m of cash on the company’s balance sheet and 3,000,000 outstanding shares of Navitas common stock…