Shares of Navitas Semiconductor Corp (NASDAQ:NVTS) rose sharply in pre-market trading after the company was awarded the ALATTIS (Accelerated, Large-Area, 10 kV SiC IGBT) program.

The U.S. government has selected Navitas to develop next-generation 10 kV silicon carbide (SiC) power semiconductor technology under the ALATTIS program.

Navitas Semiconductor shares jumped 11.8% to $13.11 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

  • BIO-Key International Inc (NASDAQ:BKYI) rose 100.7% to $3.37 in pre-market trading. BIO-key entered into partnership with Al Majlis Group to offer phishing-resistant biometric authentication in the UAE and Saudi Arabia.
  • Silexion Therapeutics Corp (NASDAQ:SLXN) rose 65.8% to $0.41 in pre-market trading fter the company reported positive preclinical findings for its lead candidate, SIL204.
  • Yimutian Inc (NASDAQ:YMT) gained 60.7% to $2.84 in pre-market trading.
  • Sangoma Technologies Corp (NASDAQ:SANG) rose 33.4% to $4.79 in pre-market trading after BRC Group announced plans to acquire the company.
  • Cyabra Inc (NASDAQ:CYAB) rose 24% to $0.24 in pre-market trading after falling 10% on Monday.
  • Summit Therapeutics Inc (NASDAQ:SMMT) gained 21.8% to $18.87 in pre-market trading. AstraZeneca has entered into an agreement to invest $2 billion in newly issued equity in Summit Therapeutics to accelerate the development of Ivonescimab, a first-in-class bispecific antibody targeting PD-1 and VEGF, in combination with antibody drug conjugates across tumour types.
  • Faraday Future Intelligent Electric Inc (NASDAQ:FFAI) gained 18.6% to $1.67 in pre-market trading. AIxCrypto entered into a non-binding term sheet with Faraday Future Intelligent Electric for a proposed all-stock acquisition of FFAI’s robotics assets and businesses and a major strategic transformation.
  • Lifezone Metals Ltd (NYSE:LZM) gained 9.9% to $4.23 in pre-market trading after falling around 4% on Monday.
  • Deep Fission, Inc (NASDAQ:FISN) rose 7.2% to $5.81 in pre-market trading after dipping 13% on Monday.

Losers

  • NewGenIvf Group Ltd (NASDAQ:NIVF) tumbled 40.9% to $0.20 in pre-market trading after announcing the pricing of $1.25 million public offering.
  • Knorex Ltd (NYSE:KNRX) fell 38.6% to $0.76 in pre-market trading. KNOREX shares jumpe dover 288% on Monday after the company announced it is pursuing a strategic carve-out of AscendX Media Technologies.
  • Neo-Concept International Grp Hldngs Ltd (NASDAQ:NCI) fell 23.1% to $1.83 in pre-market trading after dipping 84% on Monday.
  • Foresight Autonomous Holdings ADR (NASDAQ:FRSX) fell 19.3% to $0.95 in pre-market trading. Foresight Autonomous recently announced a non-binding term sheet to acquire a 50.01% stake in unnamed Polish data center developer.
  • TEN Holdings Inc (NASDAQ:XHLD) fell 17.2% to $0.81 in pre-market trading after declining 92% on Monday.
  • Interlink Electronics Inc (NASDAQ:LINK) declined 16% to $4.98 in pre-market trading after gaining around 18% on Monday.
  • Game Your Game Inc (NASDAQ:GYGY) fell 13.7% to $0.75 in pre-market trading after gaining 18% on Monday.
  • Top Wealth Group Holding Ltd (NASDAQ:TWG) fell 13.2% to $0.12 in pre-market trading after dipping over 18% on Monday.
  • Fair Isaac Corp (NYSE:FICO) fell 8.6% to $768.50 in pre-market trading.
  • ChipMOS Technologies Inc – ADR (NASDAQ:IMOS) fell 6.4% to $67.01 in pre-market trading.

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