Transphorm receives $16m from existing investors’ exercise of green shoe

Transphorm Inc of Goleta, near Santa Barbara, CA, USA — which designs and manufactures JEDEC- and AEC-Q101-qualified gallium nitride (GaN) field-effect transistors (FETs) for high-voltage power conversion — has received gross proceeds of $16m as a result of the exercise of the ‘green shoe’ (over-allotment option) associated with the firm’s private placement completed in November 2021...