🔴 Navitas Semiconductor Corp is trading 10.8% down today on dilution concerns from a $500M equity program

Navitas Semiconductor Corp is trading 10.8% down at $21.83 after announcing a large new equity program that has triggered investor dilution concerns.

• The company filed a shelf registration and an at-the-market (ATM) offering to sell up to $500 million of common stock.
• The share price is facing significant pressure despite broader technology sector weakness in the market.