Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On February 13, 2023, we issued 5,045,971 shares of our common stock in consideration for our acquisition of the remaining minority equity interests in a silicon control IC joint venture and certain intellectual property license rights and other agreements from the joint venture partner and certain former employees of the joint venture. The shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 or Rule 506 thereunder.
39
Table of Contents
Item 6. Exhibits.
EXHIBIT INDEX
Exhibit Description
31.1* Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Exchange Act
31.2* Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act
32.1** Certification of the Chief Executive Officer and the Chief Financial Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18 U.S.C. § 1350
101.SCH* XBRL Taxonomy Extension Schema Document
101.CAL* XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF* XBRL Taxonomy Extension Definition Linkbase Document
101.LAB* XBRL Taxonomy Extension Label Linkbase Document
101.PRE* XBRL Taxonomy Extension Presentation Linkbase Document
* Filed herewith
** Furnished herewith
40
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
NAVITAS SEMICONDUCTOR CORPORATION
By: /s/ Gene Sheridan
Gene Sheridan
President and Chief Executive Officer
(principal executive officer)
Date: May 15, 2023
NAVITAS SEMICONDUCTOR CORPORATION
By: /s/ Ron Shelton
Ron Shelton
Chief Financial Officer
(principal financial and accounting officer)
Date: May 15, 2023
41
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.