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

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

Existing Navitas Investor adds $10mm commitment, at same terms as existing PIPE investors, bringing total anticipated PIPE proceeds to $155mm New redemption backstop of up to 2mm shares from institutional investor DUBLIN, IRELAND and Memphis, TN. – AUGUST 23,...