Magnachip Semiconductor Announces $5.0M Private Stock Sale to Navitas

What Happened

• Magnachip Semiconductor Corporation announced on Sept. 18, 2026 that it entered a privately negotiated Stock Purchase Agreement to sell 1,461,988 shares of common stock to Navitas Semiconductor Corporation at $3.42 per share for a total of $5,000,000. The company reported the closing is expected on or about Sept. 24, 2026, subject to customary closing conditions and was announced in a press release on Sept. 21, 2026.

Key Details

• Shares to be issued: 1,461,988 common shares.
• Price per share: $3.42; aggregate proceeds: $5,000,000.
• Expected closing date: on or about Sept. 24, 2026 (subject to conditions).
• Registration: Magnachip will file a Form S-3 within 30 days after closing to register resale of the shares and will use commercially reasonable efforts to have it effective within 60 days (90 days if reviewed by the SEC).
• Offering exemption: Shares are being issued in reliance on Section 4(a)(2) or Rule 506 of Regulation D (private placement).

Why It Matters

• This transaction provides Magnachip with $5.0M in immediate capital, which can support operations, liquidity, or other corporate needs.
• The issuance will increase Magnachip’s outstanding common shares by 1,461,988 shares; the company plans to register the resale of these shares via Form S-3, which could enable liquidity for the purchaser once effective.
• Closing remains subject to customary conditions; investors should watch for the Form S-3 filing and any updates on closing or use of proceeds for further clarity.