Navitas Semiconductor and Live Oak II announce $1.04B SPAC business combination

Navitas Semiconductor and Live Oak Acquisition Corp. II announced updates to their proposed business combination, valuing the combined entity at $1.04 billion, with an additional $10 million PIPE investment and a redemption backstop of up to 2 million shares.

“Navitas believes it has a multi-year lead in next-generation GaN power ICs.”navitassemi.com

• 1 source
• navitassemi.comNavitas Semiconductor and Live Oak II Announce Additional PIPE Investment and Up to 2mm-Share Redemption Backstop In Connection With $1.04 Billion SPAC Business Combination | NavitasNavitasAug 23, 2021

Summarized from public sources; check the original articles before acting on it.