Navitas to Acquire Claros for $232.8M, Completing Grid-to-xPU AI Power Portfolio
NVTS has more than doubled off its 52-week low of $5.44.
Summary
Navitas signed a definitive agreement to acquire Claros for ~$232.8M in cash and stock, adding VPD and IVR technology that completes its grid-to-xPU AI power portfolio and doubles its 2030 SAM to over $8B.
Key Events · M&A and Partnerships · NVTS
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Claros Acquisition Signed
A definitive merger agreement has been signed to acquire Claros for an estimated $232.8M — $126.4M in cash, $89.7M in approximately 6.9 million shares, and up to $16.7M in earnout shares.
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Stock Consideration Priced at $12.97
The share portion is valued at the August 21, 2026 closing price of $12.97, implying roughly 6.9 million shares at closing plus up to approximately 1.28 million earnout shares.
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SAM Doubles to Over $8B
Claros' VPD and IVR technology adds at least $3.5B to Navitas' 2030 serviceable addressable market, doubling it to over $8B.
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Closing Expected Before Year-End
Closing is subject to HSR clearance, S-4 effectiveness, and Nasdaq listing; it is anticipated before December 31, 2026, with a termination date of December 22, 2026.
Analysis · NVTS · Manufacturing
The acquisition of Claros, a VPD and IVR power management company, comes at an approximate cost of $232.8 million — $126.4 million in cash, $89.7 million in roughly 6.9 million shares, and up to $16.7 million in earnout shares. This move extends Navitas' AI infrastructure reach from the grid all the way to the xPU, doubling its 2030 serviceable addressable market to over $8 billion. The stock consideration is valued at $12.97 per share, based on the August 21 close, and closing is expected before year-end subject to HSR clearance and S-4 effectiveness. Strategically, the deal materially expands Navitas' addressable market and technology portfolio, though it adds roughly 6.9 million shares of dilution at closing plus up to 1.28 million earnout shares.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NVTS was trading at $13.09 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $5.44 to $34.17. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.