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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.
Live Oak Acquisition Corp II filed a registration statement for its proposed business combination with Navitas Semiconductor, valuing the combined entity at $1.4 billion. The deal was announced on May 7, 2021.
Navitas Semiconductor, a GaN power IC company, announced a definitive agreement to merge with Live Oak Acquisition Corp. II, valuing the combined entity at $1.4 billion. The deal raises approximately $400 million in capital, including a $145 million PIPE.