Navitas Semiconductor Prices 10M Share Common Stock Offering At $8/Share
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor has priced its 10 million share common stock offering at $8 per share.
May 24, 2023 | 12:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Navitas Semiconductor's stock offering of 10 million shares is priced at $8 per share.
Navitas Semiconductor's stock offering is directly related to the company's stock price. The pricing of the offering at $8 per share may have a neutral short-term impact on the stock price, as it depends on the market's reaction to the news. The importance is high as it involves a significant number of shares, but the confidence is not absolute as the market's reaction can be unpredictable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100