Navitas Semiconductor will purchase 1,461,988 Magnachip common shares for $5,000,000, or $3.42 per share, with completion expected on September 24, 2026. Investors also have a stated post-closing resale-registration pathway, subject to the agreement’s conditions and the parties’ obligations.

Key Highlights

  • The negotiated price for Magnachip common stock is $3.42 per share.
  • Magnachip common stock carries a Par Value of $0.01 per share.
  • Magnachip is expected to pursue resale registration after the transaction closes.

Navitas Semiconductor Corp (NASDAQ: NVTS) is a semiconductor company. It has agreed to purchase Magnachip common stock for an aggregate $5,000,000, with completion expected on September 24, 2026.

$3.42 Per-Share Purchase Agreement

The agreement was executed on September 18, 2026, between Navitas Semiconductor Corporation and Magnachip Semiconductor Corporation. Magnachip will issue and sell the securities to Navitas at the negotiated per-share price of $3.42. The shares are Magnachip common stock with a par value of $0.01 per share. Completion remains subject to customary closing conditions that may be satisfied or waived. The purchase agreement sets out representations, warranties and covenants for the parties. The transaction is structured as a purchase of Magnachip common stock by Navitas, with the closing date tied to satisfaction or Waiver of the relevant conditions.

Resale Registration After Closing

Magnachip has agreed to submit a resale registration statement after the closing. The arrangement requires Magnachip to use commercially reasonable efforts to make that registration statement effective within the timetable specified in the agreement, subject to whether regulatory review occurs. The issuance relies on an available exemption from registration requirements under the Securities Act.