Navitas Semiconductor Corporation issued 3,277,438 shares of Class A common stock on May 22, 2026. The issuance fulfills obligations tied to 'Triggering Event I' from the May 6, 2021, Business Combination Agreement. The agreement includes a total contingent earn-out of up to 10,000,000 shares based on stock price performance targets. The deadline for achieving these price targets to trigger remaining earn-out shares is October 19, 2026.