December 24, 2020

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 s

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