Transphorm Announces Closing of $15 Million Private Placement of Common Stock
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...
Source: apnews.com