Navitas Semiconductor Corp is trading 4.4% down at $23.98 as investors digest news of a sizeable new share issuance that dilutes existing shareholders.
- The company disclosed in an SEC filing that it issued approximately 3.28 million new Class A shares on June 4, 2026.
- The stock remains under pressure following an 18% drop last Friday, which occurred amid a broader selloff in the semiconductor sector.
- Dilution worries are now weighing further on the price, offsetting momentum from a sharp rally seen earlier last week.