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Transphorm Announces Closing of $15 Million Private Placement of Common Stock GOLETA, Calif.--(Business Wire)--Transphorm, Inc. (OTCQB: TGAN)—a pioneer in and global supplier of high reliability, high performance gallium nitride (GaN) power conversion products—today announced the closing of a common stock only private placement of 5,000,000 shares at a price of $3.00 per share, resulting in gross proceeds to Transphorm of $15.0 million, before deducting placement agent commissions, financial advisor fees and other offering expenses. “We are very pleased with the strong support from th...

Press release content from Business Wire. The AP news staff was not involved in its creation. Transphorm Announces Closing of $15 Million Private Placement of Common Stock December 24, 2020 GMT GOLETA, Calif.--(BUSINESS WIRE)--Dec 24, 2020-- Transphorm, Inc. (OTCQB: TGAN)—a pioneer in and global supplier of high reliability, high performance gallium nitride (GaN) power conversion products—today announced the closing of a common stock only private placement of 5,000,000 shares at a price of $3.00 per share, resulting in gross proceeds to Transphorm of $15.0 million, before deducting placem...