Navitas Semiconductor went public via a SPAC merger with Live Oak Acquisition II in a $1.4bn deal.

Navitas Semiconductor, a manufacturer of GaN Power ICs, went public via a SPAC merger with Live Oak Acquisition II, a special purposes acquisition company, in a $1.4bn deal. “Navitas was formed with the vision to revolutionize the world of power electronics while addressing significant sustainability challenges for our planet. Not only has Navitas’ world-class team invented and patented revolutionary new technology, but we have also overcome all the key hurdles associated with successfully bringing it to market. We are proud to enter the public capital markets with strong operating momentum and investor partners who share our enthusiasm for our long-term mission," Gene Sheridan, Navitas Co-Founder and CEO.