Navitas Semiconductor to invest $5 million in Magnachip

Navitas Semiconductor has agreed to make a $5 million strategic equity investment in Magnachip, issuing 1,461,988 shares at $3.42 per share. The transaction is expected to close on or about September 24, 2026.

“Navitas Semiconductor Corporation has agreed to make a $5 million strategic equity investment in Magnachip”business.sherbrookerecord.com

• 1 source
• business.sherbrookerecord.comContact Us - Sherbrooke Record - Magnachip Announces Strategic Investment by Navitas SemiconductorMagnachip Semiconductor CorporationMay 25, 2018

Summarized from public sources; check the original articles before acting on it.