Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · MAGNACHIP SEMICONDUCTOR Corp (MX)

Magnachip to sell $5 million of common stock to Navitas at $3.42 per share

Neutral Impact 3 of 5 financing Written later

Magnachip Semiconductor agreed on September 18, 2026, to issue 1,461,988 common shares to Navitas Semiconductor for $5 million in a private placement. The company says the investment builds on the strategic partnership with Navitas, under which Magnachip licenses Navitas' GeneSiC silicon carbide technology, and the closing is expected on or about September 24, 2026. Shareholders will see new shares issued, and Magnachip must file a resale registration statement on Form S-3 within 30 days after closing.

Key points

  • Stock purchase agreement dated September 18, 2026, with Navitas for 1,461,988 shares at $3.42 per share
  • Aggregate proceeds of $5 million; closing expected on or about September 24, 2026, subject to customary conditions
  • Shares were not registered under the Securities Act and were issued under Section 4(a)(2) or Rule 506 of Regulation D
  • Magnachip must file a Form S-3 resale registration within 30 days after closing

The filing

CompanyMAGNACHIP SEMICONDUCTOR Corp (MX)
Form8-K, current report
Filed with the SECSep 21, 2026, 7:05 AM ET
Accession number0001193125-26-396059

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 21, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.