Raised more than 45 million US dollars in equity investment this quarter, strengthening the financial position
Goleta, California, December 13, 2021--(BUSINESS WIRE)--Transphorm, a pioneer and global supplier of high-reliability, high-performance gallium nitride (GaN) power conversion products, Inc. (OTC: TGAN) today announced the completion of a private placement of 1,673,152 shares of Transphorm common stock from MCM Investment Partners (MCM Partners (MCM)'s subsidiary investment arm and US institutional investor Boardman) at a price of US$7.71 per share. $12.9 million in non-brokered equity financing Bay Capital Management. In terms of financing, Transphorm issued warrants to purchase a total of 348,649 ordinary shares at an exercise price of $9.25 per share. As a result of this financing, Transphorm has completed $45.9 million in equity financing in the past two months. Transphorm continues to implement its previously announced plan to list common shares of companies listed on the Nasdaq.
Adrian Valenzula, CEO of MCM Partners, commented: “MCM and our limited partners are pleased to make equity investments in Transphorm. The GaN power supply market is growing rapidly, and Transphorm has the ability to solve this multi-billion dollar problem. With its ownership Proprietary core GaN design and manufacturing technologies supported by more than 1,000 global patents have entered the market. The MCM team is also pleased to work with Transphorm to help drive faster growth."
Will Graves, Chief Investment Officer of Boardman Bay Capital, said: "We are very pleased to increase the scale of investment and ownership in Transphorm. The company continues to excel in developing its patented high-voltage GaN technology and accelerating its revenue growth slope. Institutional investors’ awareness of GaN and Transphorm has increased and the company’s prospects remain very optimistic."
TGAN technology empowers the market
Transphorm's patented GaN platform differs from competing solutions in aspects that are critical to the performance requirements of power conversion applications-from 45 W fast chargers/power adapters, 1.5 to 4 kW games, data center servers, encrypted mining, and industrial power supplies. Renewable/energy to higher electric vehicle converter and inverter applications. Transphorm is one of the few vertically integrated high-voltage GaN manufacturers to control its GaN FET design through innovation, epitaxial wafers (starting materials) and manufacturing processes. This has been successful in the following areas:
Continue to use in low-power adapters and fast chargers-GaN performance and the simplicity and driving performance of silicon design.
It is a leader in higher power products including games, servers, encrypted mining, industrial and renewable energy applications-as a mature supplier of kilowatt products in the market.
First-class quality + reliability, high-volume reproducibility and a product portfolio that meets the automotive Q101 standard.
The second vertical business of RF GaN epitaxial wafers.
With its light asset vertical integration model, a strong manufacturing footprint.
Securities sold in private placements are not registered under the revised Securities Act of 1933 (the "Securities Act") or securities laws of any state or other jurisdiction, and cannot be resold without registration or exemption registration, Securities Act. Transphorm has agreed to submit a registration statement to the US Securities and Exchange Commission within 30 days of the end of the private placement, registering the resale of common shares issued and sold in the private placement.
This press release does not constitute an offer to sell these securities or an invitation to buy these securities, nor may they be sold in any jurisdiction where such offer, invitation or sale is illegal under any such jurisdiction prior to registration or qualification. District securities laws.
Transphorm, Inc. is a global leader in the GaN revolution, designing and manufacturing high-performance and high-reliability GaN semiconductors for high-voltage power conversion applications. Transphorm has one of the largest power GaN IP product portfolios, with more than 1,000 owned or licensed patents, and can produce the industry's first high-voltage GaN semiconductor devices that comply with JEDEC and AEC-Q101 standards. Transphorm's vertically integrated equipment business model allows innovation at every stage of development: design, manufacturing, equipment and application support. Transphorm's innovation enables power electronic equipment to go beyond the limits of silicon, achieving an efficiency of more than 99%, a power density of more than 40%, and a system cost reduction of 20%. Transphorm is headquartered in Goleta, California, and has manufacturing operations in Goleta and Aizu, Japan. For more information, please visit www.transphormusa.com. Follow us on Twitter @transphormusa and WeChat @Transphorm_GaN.
This press release contains forward-looking statements regarding the company’s market position (including the meaning of Section 21E of the US Securities Exchange Act of 1934 as amended and Section 27A of the US Securities Act of 1933 as amended), expectations of future expected growth, and NASDAQ listing plan. Forward-looking statements usually include statements that are predictive in nature and depend on or involve future events or conditions, and include words such as "may", "will", "should", "will", "expect", "plan", etc. , "Believe", "plan", "expect" and other similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions, which are subject to risks and uncertainties and cannot guarantee future performance. Due to various factors, actual results may differ materially from the results contained in any forward-looking statements, including but not limited to: risks related to Transphorm’s operations, such as additional financing requirements and access to capital; competition; Transphorm’s protection of its intellectual property rights Ability; and other risks specified in the company's filings with the US Securities and Exchange Commission. Except as required by applicable laws, the company assumes no obligation to modify or update any forward-looking statements or make any other forward-looking statements due to new information, future events or other reasons.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211212005127/en/
Investor Contact: Shelton Group Brett Perry | Leanne Sievers 1-214-272-0070 | 1-949-224-3874 sheltonir@sheltongroup.com
Corporate Contact: Cameron McAulay Chief Financial Officer 1-805-456-1300 ext. 140 cm
AMC's stock price must rise nearly twice to return to historical highs. Let's see what went wrong.
After Pfizer announced the acquisition of Arena for US$6.7 billion, Julie Hyman and Brian Sozzi of Yahoo Finance Live broke the stock price of Arena Pharmaceuticals soaring.
In this article, we will discuss Warren Buffett's top 10 selected stocks. If you want to skip our detailed analysis of these stocks, please go directly to Warren Buffett's top 5 stock selections. Warren Buffett, 91-year-old fund manager of Berkshire Hathaway, is one of the most watched investors in the world. This legendary investor is the brain behind […]
These growth stocks are not household names. However.
In this article, we will discuss 10 cheap value stocks worth buying in 2022. If you want to skip our detailed analysis of value investing and these stocks, please read directly 5 cheap value stocks worth buying in 2022. Value investment theory gained fame in the first few days of the Great Depression […]
Technology stocks are generally divided into two categories: blue chip stocks that generate slow but steady growth through mature technology, and high-growth companies that focus on younger and more volatile markets. Earlier this month, I highlighted some reliable technical supporters, who are naturally immune to inflation and other macro adverse factors. Impinj (NASDAQ: PI) is one of the world's leading manufacturers of radio frequency identification (RFID) chips, chip readers and software. RFID chips are used by a wide range of industries to optimize supply chains, track shipments, and analyze long-term sales trends.
The greater the premium of the stock price relative to its long-term moving average, the greater the enthusiasm of investors for its upward prospects. But when expectations become too enthusiastic, interesting things happen to its graphs.
DraftKings is one of the largest players in the online gambling space, but this stock makes many of the company's competitors possible.
Shareholders (or potential shareholders) of DICK'S Sporting Goods, Inc. (NYSE: DKS) will be happy to see...
If you are looking for a company with development potential, investing in growth stocks may bring great returns in a promising market. Two growth stocks that provide investors with excellent buying opportunities during the recent decline include Chargepoint Holdings (NYSE: CHPT), a leader in the fast-growing electric vehicle market, and world-class media and entertainment giant Walt Disney ( New York Stock Exchange code: DIS). Chargepoint serves more than 5,000 customers worldwide and 76% of the Fortune 50 companies. It provides more than 118,000 charging stations in North America and Europe, making it its closest market share in secondary charging to 70% More than 7 times that of North American competitors.
The telecommunications company AT&T (NYSE: T) stands out as a stock that can check many checkboxes for retirees. Although no stock is risk-free, and AT&T happened to have fallen by 25% in the past year, I think AT&T is now a good choice for income-hungry retirees. Almost everyone who owns a mobile phone in the United States knows what AT&T is and what the company does. Telephone bills occupies an important position in the monthly budget of most consumers, so AT&T's business has proven to be very stable over the years.
In 2020, Apple will become the first company to break the $1 trillion mark. At the same time, Apple's recent market capitalization is close to $2.9 trillion.
Citigroup (NYSE: C) Chief Financial Officer Mark Mason recently spoke at the Goldman Sachs Financial Services Conference and mentioned at the end of the Q&A that the bank will suspend stock repurchases in the fourth quarter. Part of the argument for owning Citigroup now is that when the trading price of the stock is lower than the tangible book value (TBV), the bank can repurchase a large amount of the stock, which is the value of the bank when it is liquidated. When banks repurchase stocks lower than TBV, the calculation results show that TBV will grow. Bank stocks are usually traded relative to their TBV. Therefore, in the long run, growing TBV is very beneficial to stocks. The ability to repurchase shares at a price lower than TBV is rare, so Citigroup will be able to take advantage of this while clearing all other problems with the bank and planning a new way forward, which excites investors like me.
In this article, we will discuss 10 dividend aristocrats to buy in 2022. If you want to skip our detailed analysis of these stocks, please go directly to the 5 dividend aristocrats to buy in 2022. Dividend aristocrats are some of the most profitable investment options, as these stocks have been raising dividends […]
Moderna's first product also had a significant impact on revenue. Of course, Moderna has always been great. Moderna's latest earnings report made the market shudder. First, experts say that the coronavirus will persist after the pandemic.
The continued underperformance of 3M (New York Stock Exchange ticker: MMM) stock shows that investors are beginning to lose patience with the company. As a result, the stock has even divorced the attention of value investors, and has increasingly become a choice only for dividend investors. Let's take a closer look at what is happening and whether 3M has investment potential. In early December, 3M CEO Mike Roman and CFO Monish Patolawala gave speeches at the Credit Suisse Industry Conference.
Sea Limited (NYSE: SE) is Southeast Asia's leading gaming and e-commerce company, and one of the best performing technology stocks in the past five years. However, in the past two months, due to the sell-off of technology companies, Sea's stock price has fallen by more than 36% from its peak of $372.70. Due to the low stock price, Sea has appeared in the attention of cheap investors who want to buy growth stocks at attractive prices. Founded in 2009, Sea has grown into a giant with businesses covering games, e-commerce, financial technology and other fields.
Wall Street seems to be paying attention to the here and now at the expense of understanding the long-term potential of these companies.
The stock market fluctuates again, but are earnings healthy?
Provide a suitable compound time frame for the stock to allow it to survive market volatility and potentially double your initial investment. I believe that the three stocks that can double your funds during this period of time are The Trade Desk (NASDAQ: TTD), Mercado Libre (NASDAQ: MELI) and Snow (New York Securities) Exchange code: SNOW). Everyone operates in the field of technology and has strong growth prospects in the future. Trade Desk operates a demand-side advertising platform.