BlackRock, Inc. Reports 5.3% Ownership in Navitas Semiconductor Corp

BlackRock, Inc. has filed a Schedule 13G with the SEC, disclosing a 5.3% ownership stake in Navitas Semiconductor Corp. The filing indicates that BlackRock beneficially owns 11,335,272 shares of the company's common stock, with sole voting power over 11,038,843 shares and sole dispositive power over all 11,335,272 shares. The filing also notes that various persons have the right to receive dividends or proceeds from the sale of the shares, but no single person's interest exceeds 5% of the total outstanding shares. The filing was made under Rule 13d-1(b) and was signed by Spencer Fleming, Managing Director of BlackRock, Inc.