Navitas Semiconductor To Go Public At An Enterprise Value Of $1.04 Billion Via Live Oak II Spac Business Combination

T-Reuters

2021-05-07

Live Oak Acquisition Corp II :Navitas Semiconductor, The Industry Leader In Gallium Nitride (Gan) Power Ics, To Go Public At An Enterprise Value Of $1.04 Billion Via Live Oak Ii Spac Business Combination.Live Oak Acquisition Corp Ii - Deal Raises Approximately $400M Capital.Live Oak Acquisition Corp Ii - Transaction Is Anticipated To Deliver Up To $398 Million Of Gross Proceeds To Combined Company.Live Oak Acquisition Corp Ii - Oversubscribed And Upsized $145 Million Private Placement Of Class A Common Stock In Live Oak Ii At $10.00 Per Share.

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