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Navitas Semiconductor jumps 18.9% on SPAC settlement and GaN licensing expansion
- Navitas Semiconductor surged on heavy volume following several key strategic announcements that cleared regulatory and commercial overhangs.
- The stock gained 18.9% on Friday to close at $29.25 on active trading of 51.0 million shares.
- Settling a legacy SPAC dispute and launching new AI server power platforms removes legal uncertainty and positions the company to capture high-growth semiconductor markets.
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Conclusion
NVTS rose from $24.61 (May 21 close) to $29.25 (May 22 close), an 18.85% gain. Volume was 51,018,400 shares traded on May 22.