Transphorm Receives $16 Million from Existing Investors’ Exercise of Green Shoe

GOLETA, Calif.–(BUSINESS WIRE)–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. The exercise brings the total proceeds from equity financings since October 2021 to approximately

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