Navitas semiconductor successfully concludes $30,000,000 forward-purchase transaction

El segundo, calif., nov. 30, 2021 /prnewswire/ -- navitas semiconductor (nasdaq: nvts), the industry-leader in gallium nitride (gan) power integrated circuits (ics) announced the conclusion of a prepaid, forward-purchase transaction, resulting in the removal of restrictions affecting $30 million of cash on the company's balance sheet and 3,000,000 outstanding shares of navitas common stock.
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