“Navitas is merging with Live Oak Acquisition Corp. II, a blank check company. The deal announced in May, values Navitas, at $1.04 billion. It will close by the end of September. The El Segundo, Calif., company will trade on the Nasdaq under the ticker NVTS.”
“I am super excited to be partnering with Live Oak and have access to capital that will allow Navitas to fulfill its big goals to become the next-generation power semiconductor leader and electrify the world,” Gene Sheridan, Navitas CEO and co-founder, tells Barron’s.