On August 25, Navitas Semiconductor Corp rose 8.14% in regular trading, trading at $13.1726/share, with turnover of $17.21 million.

On the news front, the company announced it has agreed to acquire power management technology firm Claros in a deal valued at up to approximately $232.8 million. The consideration includes $216 million in cash and stock at closing, with the remainder to be paid in stock based on the achievement of certain milestones. Management stated the acquisition would more than double its 2030 serviceable addressable market to over $8 billion and accelerate revenue growth and margin expansion. The transaction is expected to close before year-end, subject to customary closing conditions. Separately, the company's merger consideration shares were valued at $12.97 per share as of August 21.

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