MAGNACHIP SEMICONDUCTOR Corp (MX) Form 424B3 — Oct 13, 2026
Magnachip Semiconductor filed a 424B3 prospectus registering the resale of up to 1,461,988 shares of common stock held by Navitas Semiconductor Corporation. The shares were issued to Navitas in a private placement on September 23, 2026 at $3.42 per share for aggregate proceeds of $5.0 million to Magnachip. Magnachip will receive no proceeds from the resale; the registration simply fulfills Navitas' registration rights under the share purchase agreement. Navitas held 3.84% of the 38,041,317 shares outstanding as of September 30, 2026.
Key figures
- Gross Proceeds
- $5,000,000 (aggregate purchase price paid to company in September 2026 private placement; no proceeds from this resale)
- Offering Price
- $3.42 per share (private placement purchase price)
- Shares Offered
- 1461988
- Shares Outstanding
- 38041317
- Registration Statement
- 333-299303
- Closing Price Oct12 2026
- $2.86
- Selling Stockholder Stake
- 3.84% prior to offering
AI analysis
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