Grand Canyon Education Inc

Navitas Semiconductor agreed to acquire power management solutions provider Claros in a deal valued at up to approximately $232.8 million, sending its shares up 6% on Tuesday. The transaction includes about $216 million payable at closing in cash and Navitas Class A shares, with the remainder tied to business milestones over the following two years. Claros specializes in vertical power delivery and integrated voltage regulator technology for next-generation AI data centers, and the acquisition is expected to more than double Navitas’ identified 2030 serviceable addressable market to over $8 billion. Elsewhere, Bloom Energy and Intel rose after a congressional disclosure showed Nancy Pelosi bought positions in both companies, including shares and long-dated call options. Grand Canyon Education fell 5% after placing CFO Daniel Bachus on paid administrative leave in connection with a government investigation into a non-employee third party’s trading in the company’s stock.