# 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.

- Type: Acquisition
- Announced: 2021-08-23
- Where: Memphis, Tennessee, United States
- Value: $1.04B
- Status: announced
- Products: GaN power integrated circuits, GaNFast power ICs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Navitas Semiconductor](https://endata.com/companies/28196.md) (target)
- [Live Oak Acquisition Corp. II](https://endata.com/companies/54962.md) (acquirer)

## Sources

- [navitassemi.com](https://navitassemi.com/navitas-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/), 2021-08-23: "Navitas believes it has a multi-year lead in next-generation GaN power ICs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.