2 unchanged sentences
Our common stock has been listed on the Nasdaq Global Market under the ticker symbol “NVTS” since October 20, 2021.
−Removed: TA BLE OF CONTENTS
−Removed: As of March 14, 2025, there were 29 holders of re cord of our common stock.
+Added: As of February 25, 2026, there were 21 holders of re cord of our common stock.
The actual number of beneficial owners of our common stock is much greater than the number of record holders and includes stockholders whose shares are held in brokerage accounts or by other nominees.
4 unchanged sentences
Sale of Unregistered Securities .
−Removed: On November 27, 2024, we issued 30,000 shares of common stock to a former employee to resolve certain claims regarding stock options previously held by the employee.
−Removed: The shares were issued in a private transaction exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof.
−Removed: We did not receive any cash proceeds from the issuance.
−Removed: The former employee represented his intention to acquire the securities for investment only and not with a view to distribution.
−Removed: Appropriate transfer restriction notations have been applied to the book-entry positions reflecting the shares.
+Added: On November 7, 2025, we entered into a securities purchase agreement (the “Purchase Agreement”) with accredited investors for a private placement of approximately 14.8 million shares of Class A common stock at $6.75 per share.
+Added: The transaction closed on November 10, 2025, with Needham & Company, LLC (“Needham & Company”) as sole placement agent, resulting in gross proceeds of approximately $100.0 million and offering-related costs of $4.4 million.
+Added: Net proceeds were used for working capital and general corporate purposes, including support of strategic initiatives in high-power markets.
+Added: All shares were delivered and settled in the fourth quarter of 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.