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NVTS on Nasdaq

Navitas Semiconductor

American semiconductors and related devices company based in Torrance1

In its 2026 annual report the company says: “Navitas Semiconductor Corporation designs, develops and markets next-generation power semiconductors including gallium nitride (GaN) power integrated circuits (ICs), high-voltage silicon carbide (SiC) devices and associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. We focus on high-power markets including artificial intelligence data centers, energy and grid infrastructure, performance computing and industrial electrification.”6 It was founded in 2014.1 Its shares trade on Nasdaq under the symbol NVTS.1

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Last updated Oct 21, 2026.

Overview

$45.9MRevenue, fiscal 20254
-$117.0MNet income, fiscal 20254
2014Founded1

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  • TickerNVTS on Nasdaq1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersTorrance1
  • Websitenavitassemi.com
  • Incorporated inDE5
  • Business address3520 Challenger St., Torrance, Ca 905035
  • Filer categoryNon-accelerated filer5
  • Legal formCorporation3
  • LEI529900T4K9WALWC76S493
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 34329323

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Navitas Semiconductor Corporation (“we,” us,” “Navitas” or the “Company”) designs, develops and markets next-generation power semiconductors including gallium nitride (GaN) power integrated circuits (ICs), high-voltage silicon carbide (SiC) devices and associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. We focus on high-power markets including artificial intelligence (“AI”) data centers, energy and grid infrastructure, performance computing and industrial electrification.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-234.7%Operating margin4
-254.7%Net margin4
-44.9%Revenue growth, 20254
-26.4%Return on equity4
-$44.4MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue27¢$31.7M
  • Research and development43¢$49.8M
  • Selling, general and admin30¢$35.2M
  • Income tax0¢$50.0K

Out of $45.9M in revenue.4 The company lost money this year.

Financial statements

Revenue789104$45.9M in 2025+288% since 2020
0$25.0M$50.0M$75.0M$100.0M2020: $11.8M$11.8M20202021: $23.7M$23.7M2021+100%2022: $37.9M$37.9M2022+60%2023: $79.5M$79.5M2023+109%2024: $83.3M$83.3M2024+5%2025: $45.9M$45.9M2025−45%
Gross profit7$10.7M in 2021+188% since 2020
0$5.0M$10.0M$15.0M2020: $3.7M$3.7M20202021: $10.7M$10.7M2021+188%
Operating income789104-$107.8M in 2025+473% since 2020
-$150.0M-$100.0M-$50.0M02020: -$18.8M-$18.8M20202021: -$68.5M-$68.5M2021+264%2022: -$123.6M-$123.6M2022+80%2023: -$118.1M-$118.1M2023−4%2024: -$130.7M-$130.7M2024+11%2025: -$107.8M-$107.8M2025−18%
Net income789104-$117.0M in 2025+514% since 2020
-$200.0M-$100.0M0$100.0M2020: -$19.0M-$19.0M20202021: -$152.7M-$152.7M2021+702%2022: $73.9M$73.9M20222023: -$145.4M-$145.4M20232024: -$84.6M-$84.6M2024−42%2025: -$117.0M-$117.0M2025+38%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Net revenues$45.9M$83.3M
Cost of revenues (exclusive of amortization of intangible assets included below)$31.7M$55.0M
Research and development$49.8M$76.0M
Selling, general and administrative$35.2M$62.9M
Amortization of intangible assets$18.9M$18.9M
Restructuring and impairment expense$18.0M$1.2M
Total operating expenses$122.0M$159.0M
Loss from operations-$107.8M-$130.7M
Interest income (expense)$863.0K-$150.0K
Dividend income$3.5M$5.2M
(Loss) Gain from change in fair value of earnout liabilities-$12.4M$36.6M
Other income, net$6.0K$102.0K
Total other income (expense), net-$8.0M$41.8M
Loss before income taxes-$115.8M-$88.8M
Income tax provision (benefit)$50.0K-$342.0K
Equity method investment (loss) gain-$1.1M$3.9M
Net loss-$117.0M-$84.6M
Basic loss per share attributable to common stockholders (in dollars per share)-$0.57-$0.46
Diluted loss per share attributable to common stockholders (in dollars per share)-$0.57-$0.46
Basic common shares (in shares)205.6M shares182.5M shares
Diluted common shares (in shares)205.6M shares182.5M shares

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Corporate structure

Navitas Semiconductor sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Navitas Semiconductor

  • Navitas Semiconductor Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Navitas Semiconductor reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$20.4M4 Dec 31, 2025$23.2M4 Dec 31, 2024−12.4%
Accumulated depreciation$10.6M4 Dec 31, 2025$7.8M4 Dec 31, 2024+35.4%
Property and equipment, net$9.8M4 Dec 31, 2025$15.4M4 Dec 31, 2024−36.6%
Finance-lease assets$766.0K4 Dec 31, 2025$04 Dec 31, 2024
Operating-lease assets (leased space)$5.2M4 Dec 31, 2025$6.9M4 Dec 31, 2024−25.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$236.9M4 Dec 31, 2025$86.7M4 Dec 31, 2024+173.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$163.2M4 Dec 31, 2025$163.2M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$53.3M4 Dec 31, 2025$72.2M4 Dec 31, 2024−26.2%
Accumulated amortization$64.1M4 Dec 31, 2025$45.1M4 Dec 31, 2024+42.0%
Finite-lived intangibles, net$53.3M4 Dec 31, 2025$71.0M10 Dec 31, 2024−25.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.3M4 Dec 31, 2025$15.5M4 Dec 31, 2024−14.2%
Raw materials$1.2M4 Dec 31, 2025$2.4M4 Dec 31, 2024−49.5%
Work in process$7.9M4 Dec 31, 2025$10.5M4 Dec 31, 2024−24.3%
Finished goods$4.1M4 Dec 31, 2025$2.6M4 Dec 31, 2024+59.8%

Properties, in its own words

We do not own any real property. We lease approximately 50,000 square feet of corporate office and research and development space in Torrance, California. We also lease office, research and development, and design center space in Shanghai, Shenzhen and Hangzhou, China; Hsinchu and Taipei, Taiwan; and Seoul, Korea. We believe our present facilities are suitable and adequate for our current operating needs.

Item 2 of the 10-K filed Feb 27, 2026.6

Leadership

Who has led Navitas Semiconductor, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard J. Hendrix2020
  2. Eugene Sheridan2021–2025
  3. Chris Allexandre2025–now

President

  1. Gary Kent Wunderlich Jr.2020
  2. Eugene Sheridan2022–2025
  3. Chris Allexandre2025–now

Chief financial officer

  1. Andrea K. Tarbox2020
  2. Todd Glickman2022
  3. Ron Shelton2022–2023
  4. Janet Chou2024
  5. Tonya Stevens2026–now

Chief operating officer

  1. Adam J. Fishman2020
  2. Daniel M. Kinzer2022–2024
201520202025
Board members and other officers (18)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerDavid Coller named Nov 21, 202540
  • Executive OfficerMatthew Sant named Nov 21, 202540
  • Executive OfficerSiddarth Sundaresan named Nov 21, 202540
  • DirectorBrian J. Long named Nov 21, 202540

Former names

  • Live Oak Acquisition Corp IISep 18, 2020 to Oct 14, 20215

Timeline

  1. Oct 6, 20268-K Regulation FD disclosure; Other events41
  2. Sep 21, 20268-K Entered a material agreement42
  3. Sep 21, 20268-K Entered a material agreement43
  4. Aug 25, 20268-K Entered a material agreement; Regulation FD disclosure44
  5. Jul 27, 20268-K Results of operations; Regulation FD disclosure45
  6. Jul 8, 20268-K Regulation FD disclosure46
  7. Jun 26, 20268-K Shareholder vote47
  8. Jun 15, 20268-K Other events48
  9. Jun 9, 20268-K Executive or director change49
  10. Jun 4, 20268-K Other events50
  11. May 22, 20268-K Entered a material agreement51
  12. May 22, 20268-K Other events52
  13. Sep 5, 2025New chief executive Chris Allexandre becomes CEO15
  14. Oct 21, 2021New chief executive Eugene Sheridan becomes CEO16
  15. Dec 2, 2020New chief executive Richard J. Hendrix becomes CEO17
  16. 2014Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.05) a share, on Nov 3, 2025.53

When it reported results

  1. Jul 27, 2026Reported quarterly or annual results45
  2. May 5, 2026Reported quarterly or annual results54
  3. Feb 24, 2026Reported quarterly or annual results55
  4. Aug 4, 2025Reported quarterly or annual results56
  5. May 5, 2025Reported quarterly or annual results57
  6. Feb 24, 2025Reported quarterly or annual results58
  7. Nov 4, 2024Reported quarterly or annual results59
  8. Aug 5, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

486 filings to the SEC since October 2021: 11 annual reports, 16 quarterly reports, 79 major events, 181 insider forms, 26 large holders, 1 private raises, 172 other. The latest 20:

  1. Oct 6, 2026S-8 EDGAR
  2. Oct 6, 2026S-8 EDGAR
  3. Oct 6, 20268-K EDGAR
  4. Sep 21, 20268-K/A EDGAR
  5. Sep 21, 20268-K EDGAR
  6. Sep 16, 2026EFFECT EDGAR
  7. Sep 8, 2026S-4 EDGAR
  8. Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
  11. Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
  12. Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Aug 26, 20264/A OWNERSHIP DOCUMENT EDGAR
  16. Aug 25, 20268-K EDGAR
  17. Aug 3, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jul 27, 202610-Q EDGAR
  19. Jul 27, 20268-K EDGAR
  20. Jul 16, 2026SCHEDULE 13G EDGAR

The 486 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

138 open-market trades by officers, directors and large owners since October 2021: 7 buys and 131 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 28, 2026Singh RanbirDirectorSale664,058$28.72$19.1MForm 4
May 28, 2026Wunderlich Gary Kent JRDirectorSale108,165$28.12$3.0MForm 4
May 28, 2026HENDRIX RICHARD JDirectorSale110,165$28.96$3.2MForm 4
May 27, 2026Allexandre ChrisPRESIDENT AND CEOSale13,323$31.81$423.8KForm 4
May 27, 2026Singh RanbirDirectorSale3,060,118$29.29$89.6MForm 4
May 27, 2026HENDRIX RICHARD JDirectorSale33,649$29.66$998.0KForm 4
Mar 17, 2026GLICKMAN TODDSr. V.P., CFO & TreasurerSale98,152$10.78$1.1MForm 4
Mar 3, 2026Allexandre ChrisPRESIDENT AND CEOSale9,236$8.93$82.5KForm 4
Feb 26, 2026Singh RanbirDirectorSale389,096$9.52$3.7MForm 4
Feb 26, 2026GLICKMAN TODDSr. V.P., CFO & TreasurerSale12,532$9.82$123.1KForm 4
Dec 15, 2025Saluja DipenderDirectorSale873,488$8.10$7.1MForm 4
Dec 12, 2025Singh RanbirDirectorSale179,354$8.68$1.6MForm 4
Dec 12, 2025Saluja DipenderDirectorSale315,396$8.65$2.7MForm 4
Dec 11, 2025Wunderlich Gary Kent JRDirectorSale49,651$9.31$462.3KForm 4
Dec 10, 2025Wunderlich Gary Kent JRDirectorSale78,649$9.25$727.5KForm 4
Dec 9, 2025Wunderlich Gary Kent JRDirectorSale50,000$9.25$462.5KForm 4
Dec 8, 2025GLICKMAN TODDSr. V.P., CFO & TreasurerSale78,307$9.77$765.1KForm 4
Dec 3, 2025LONG BRIANDirectorSale48,165$8.50$409.4KForm 4
Dec 2, 2025LONG BRIANDirectorSale22,034$8.51$187.5KForm 4
Dec 1, 2025LONG BRIANDirectorSale142,150$8.55$1.2MForm 4

All 138 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Chris Allexandre$173.3K$5.0M71
2025Todd Glickman$315.8K$1.9M71
2025Gene Sheridan$387.7K$1.4M71
2025Daniel M. Kinzer$161.6K$457.7K71
2024Former Sr. V.P.Chief Financial Officer and Treasurer$316.9K$655.8K71
2024Former President and Chief Executive Officer$565.1K$579.1K71
2024Former Chief Operating Officer and Chief Technology Officer$462.4K$476.3K71

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 10, 2025Raised $100 million in a private offering of equity Form D: 4 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.16,237,182$291.0M0.0%−420,766
D. E. Shaw & Co., Inc.9,582,697$171.7M0.1%+5,815,093
Vanguard Capital Management LLC8,998,961$161.3M0.0%+327,511
Vanguard Portfolio Management LLC8,980,628$160.9M0.0%+4,174,221
State Street Corp8,211,604$147.2M0.0%−439,908
Capricorn Investment Group LLC7,134,285$127.8M0.6%−858,412
Goldman Sachs Group Inc6,718,193$120.4M0.0%+3,178,440
Jane Street Group, LLC6,481,513$116.1M0.1%+4,930,681
Geode Capital Management, LLC5,036,405$90.3M0.0%−46,869
Connor, Clark & Lunn Investment Management Ltd.4,224,400$75.7M0.1%+2,405,977
Citadel Advisors LLC3,056,137$54.8M0.0%+471,403
Two Sigma Investments, LP2,748,653$49.3M0.0%+2,320,591
Neuberger Berman Group LLC2,287,992$41.0M0.0%+2,275,108
Jpmorgan Chase & Co2,201,069$39.2M0.0%+621,198
Morgan Stanley2,119,525$38.0M0.0%−683,764
Northern Trust Corp1,768,742$31.7M0.0%+75,105
Charles Schwab Investment Management Inc1,635,638$29.3M0.0%−4,530
Fmr LLC1,557,283$27.9M0.0%+1,475,433
Vanguard Fiduciary Trust Co1,425,636$25.5M0.0%+128,756
Nuveen, LLC1,295,359$23.2M0.0%+615,759
First Trust Advisors LP1,274,792$22.8M0.0%+332,153
Alliancebernstein L.P.2,592,043$22.7M0.0%+2,387,877
Tidal Investments LLC1,132,184$20.3M0.0%+698,683
UBS Group AG1,103,595$19.8M0.0%−1,103,307
Nomura Asset Management International Inc.1,020,650$18.3M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Navitas Semiconductor is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNavitas Semiconductor Corp2
  • CIK0001821769
  • Employer ID (EIN)85-25602266
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 312
  • Industry code (SIC)3674 Semiconductors & Related Devices2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address3520 Challenger St., Torrance, CA 905032
  • Phone844-654-26422
  • Shares outstanding230,792,765 Common Class A shares as of Feb 25, 20266
  • Public float$1.2B as of Jun 30, 20256
  • AuditorKPMG LLP, Milwaukee, Wisconsin PCAOB ID 185; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceSep 18, 20202
  • Filings563 in all: 4 (150), 144 (91), 8-K (80), 425 (28), 3 (26), 10-Q (17), 424B3 (16), SC 13G/A (11)2
    All 52 form types

    4/A (10), 8-K/A (9), CORRESP (8), SC 13G (8), 10-K/A (7), DEFA14A (7), EFFECT (7), S-8 (7), 10-K (6), UPLOAD (6), 424B5 (5), DEF 14A (5), S-1/A (5), S-4/A (4), SCHEDULE 13D/A (4), SCHEDULE 13G/A (4), S-1 (3), 144/A (2), 5 (2), 8-A12B (2), CERT (2), NT 10-K (2), NT 10-Q (2), S-3/A (2), S-3ASR (2), S-4 (2), S-8 POS (2), SCHEDULE 13G (2), SD (2), 10-Q/A (1), 25 (1), 25-NSE (1), 3/A (1), 424B4 (1), D (1), DRS (1), POS AM (1), PRE 14A (1), RW (1), S-1MEF (1), S-3 (1), SC 13D (1), SCHEDULE 13D (1), SUPPL (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Jul 27, 2026
    Proxy statement (DEF 14A) May 11, 2026
    Latest 8-K (8-K) Oct 6, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock,par value $0.0001 per shareNVTSNasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks Navitas Semiconductor names in Item 1A of its 10-K filed Feb 27, 2026: 35 risks under these headings, as written.6

  • Risks Related to Our Business and Customers
  • Supply Chain and Quality Risks
  • Geopolitical and Regulatory Risks
  • Financial and Accounting Risks
  • Cybersecurity Risks
  • Risks Related to Intellectual Property
  • Risks Related to Owning Our Common Stock
  • Our increased focus on AI data centers, energy and grid infrastructure, performance computing and industrial electrification, and our reduced emphasis on mobile and consumer products, may not achieve the anticipated results.
  • Our success and future revenue depends on our ability to achieve design wins and to convince our current and prospective end customers to design our products into their product offerings.
  • Even if we are awarded a design win, expected revenues typically do not result for one year or more, if ever. Further, revenues from design wins may not materialize if our customer changes, cancels or delays the selection or if our customer’s products are not successful.
  • If we fail in a timely and cost-effective manner to develop new product features or new products that address end customer preferences and achieve market acceptance, our operating results could be adversely affected.
  • If we fail to accurately anticipate and respond to rapid technological change in the industries in which we operate or adapt to emerging industry standards, our ability to attract and retain end customers could be impaired and our competitive position could be harmed.
The other 30 risks
  • Our ability to accurately predict future revenues and profits is inherently subject to significant uncertainties, particularly as our products are designed to disrupt existing markets and create new or emerging markets.
  • We maintain a backlog of customer orders that is subject to cancellation, reduction or delay in delivery schedules, which may result in lower than expected revenues.
  • We depend on a few key distributors and the loss of one or more of these distributors could have a material adverse effect on our business, financial condition and results of operations.
  • We rely on single sources of supply for certain front-end manufacturing services, and on a limited number of suppliers of other materials, leaving us vulnerable to supply chain disruption. Our new emphasis on high power markets may require us to transition to new suppliers. In addition, we do not have long-term contractual supply commitments from our suppliers of wafer fabrication services. As a result, we are at risk if any of our suppliers is unable or unwilling to perform or if we are unable to successfully transition to a new supplier.
  • If our foundry vendors and other suppliers do not achieve satisfactory yields or quality, our reputation and end customer relationships could be harmed, and we could be exposed to additional expenses and liability.
  • We rely on the timely supply of materials and new technologies from third-parties and could suffer if suppliers fail to meet their delivery obligations or raise prices. Certain new technologies and materials needed in our manufacturing operations are only available from a limited number of suppliers, over whom we have limited influence. Increased costs of wafers and materials, or shortages in wafers and materials, or quality issues at these suppliers could increase our costs of operations and our business could be harmed.
  • Raw material price fluctuations can increase the cost of our products, impact our ability to meet end customer commitments, and may adversely affect our results of operations, including our gross margin.
  • Product quality issues and recalls may impact our business, reputation and competitive position and we may face product warranty or product liability claims that are disproportionately higher than the value of the products involved.
  • We face increasing regulatory requirements and stakeholder expectations to ensure our supply chain complies with environmental, social and governance standards, including responsible sourcing, labor practices and climate related risks. Our failure to meet these requirements or expectations could harm our business reputation and customer relationships
  • We are subject to risks and uncertainties associated with international operations, which may harm our business.
  • Investments in or by us may be subject to foreign investment regulation and review in the United States and elsewhere, which may result in material restrictions, conditions, prohibitions or penalties on us or our investors related to any such investments. Semiconductor technologies generally, and GaN and SiC semiconductors specifically, may be subject to heightened regulatory scrutiny.
  • We are subject to export restrictions and laws affecting trade and investments that could materially and adversely affect our business and results of operations.
  • Our business is affected by new U.S. government regulations restricting outbound investments in China.
  • Our working capital needs are difficult to predict. We may require additional capital to support our business, and this capital might not be available on acceptable terms, if at all.
  • Maintaining effective internal controls is an ongoing process, and if material weaknesses were to be identified in the future and not timely remediated, or if we were unable to continue to establish and maintain effective internal controls, we could be unable to produce timely and accurate financial statements or conclude that our internal control over financial reporting is effective. Any such outcome could adversely impact investor confidence and our stock price.
  • We employ modeling techniques to support the valuation of our accounts receivable and to project the timing and amount of expected collections. While these models are designed to provide reliable insights, they involve certain inherent risks, especially if any assumptions or inputs prove inaccurate, incomplete, or less indicative of future outcomes than anticipated.
  • We face significant and evolving cybersecurity risks that could adversely affect our operations, financial condition, and reputation.
  • We could be subject to domestic or international changes in tax laws, tax rates or the adoption of new tax legislation, or we could otherwise have exposure to additional tax liabilities, which could adversely affect our business, results of operations, financial condition or future profitability.
  • As a consequence of Legacy Navitas being treated as an inverted domestic corporation under the Homeland Security Act, the U.S. federal government and certain state and local governments may refrain from entering into contracts with it in the future, which could substantially decrease the value of our business and, accordingly, the value of our Class A common stock.
  • As a result of the plans to expand our business operations, including to jurisdictions in which tax laws may not be favorable, our obligations may change or fluctuate, become significantly more complex or become subject to greater risk of examination by taxing authorities, any of which could adversely affect our after-tax profitability and financial results.
  • Our ability to use net operating loss carryforwards and other tax attributes may be limited in connection with the Business Combination or other ownership changes.
  • We may not be able to adequately protect our intellectual property rights. If we fail to adequately enforce or defend our intellectual property rights, our business may be harmed.
  • If we infringe or misappropriate, or are accused of infringing or misappropriating, the intellectual property rights of third parties, we may incur substantial costs or be unable to commercialize new products.
  • Our ability to design and introduce new products in a timely manner is dependent upon third-party intellectual property, including third party and “open source” software.
  • Our business and operations could be impacted by stockholder activism, which could negatively affect our business and cause disruptions.
  • Concentration of ownership among existing executive officers, directors and their affiliates, including the investment funds they represent, may prevent new investors from influencing significant corporate decisions.
  • The issuance of additional capital stock in connection with financings, acquisitions, investments, our stock incentive plans or otherwise by us could dilute the ownership and voting power of our stockholders.
  • Provisions in our certificate of incorporation and our bylaws and under the DGCL contain antitakeover provisions that could prevent or discourage a takeover.
  • We may issue a substantial number of additional shares under an employee incentive plan which may dilute the equity interests of our investors.
  • The market price of our common stock may be affected by announcements regarding the selection of our products or technologies by key customers or industry participants, even though these events may not reflect binding commitments or future revenues. This may be particularly true following the Company’s announcement of a pivot towards high-power markets. Investors should not place undue reliance on such announcements as an indicator of our business prospects, future performance or otherwise when evaluating the value of our common stock.

Legal proceedings

The information required by this item is incorporated by reference from “Legal proceedings and contingencies,” included in Note 15 – “Commitments and Contingencies” – to the Consolidated Financial Statements in Item 8 of this report.

The opening of Item 3, Legal Proceedings.6

Sources

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    SEC EDGAROther events
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