Ranbir Singh entered into a cooperation agreement with Navitas Semiconductor Corp (NVTS)

Market Cap: $390 million| Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging.    

On February 27, 2025, Ranbir Singh (13.45), a significant stockholder since the company's acquisition of GeneSiC Semiconductor in 2022, has expressed growing concerns over the company's declining performance. He served as Executive VP until November 2024 and has been a Board member since then. On February 20, 2025, Dr. Singh began engaging with fellow Board members to discuss improving leadership and corporate governance, hoping to resolve his concerns through ongoing dialogue. SoOn February 27, 2025, Ranbir Singh (13.4%), a significant stockholder since the company's acquisition of GeneSiC Semiconductor in 2022, has expressed growing concerns over the company's declining performance. He served as Executive VP until November 2024 and has been a Board member since then. On February 20, 2025, Dr. Singh began engaging with fellow Board members to discuss improving leadership and corporate governance, hoping to resolve his concerns through ongoing dialogue. Source

On April 23, 2025, Ranbir Singh and the company entered into a cooperation agreement under which Gene Sheridan resigned as Chairman, replaced by Richard J. Hendrix, and Daniel Kinzer agreed to resign as CTO, COO, and director by May 1, 2025, pending the appointment of a new director recommended by Dr. Singh. The company will support the election of Dr. Singh and the new director at the 2025 annual meeting. Additionally, an Executive Steering Committee, chaired by Dr. Singh and including Hendrix and David Moxam, will oversee strategic matters such as capital allocation, expenses, senior hiring, and succession planning.