Transphorm Receives $16 Million From Existing Investors’ Exercise Of Green Shoe

Jun 03, 2022•over 3 years ago

Amount Raised

$16 Million

Goleta

Description

Transphorm, Inc. (Nasdaq: TGAN)—an innovative design pioneer and global supplier of efficient, high-reliability, high-performance gallium nitride (GaN) power conversion products, announced today that it has received gross proceeds of $16 million as a result of the exercise of the green shoe associated with the Company’s private placement completed in November 2021.

Transphorm Receives $16 Million From Existing Investors’ Exercise Of Green Shoe

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Transphorm Receives $16 Million From Existing Investors’ Exercise Of Green Shoe

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