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
Vinson & Elkins advised Live Oak Acquisition Corp. II (“Live Oak II”), a publicly-traded special purpose acquisition company, in a definitive agreement to combine with Navitas Semiconductor, the industry leader in Gallium nitride (GaN) Power ICs. GAN is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon, and enables up to 3x more power or 3x faster charging in half the size and weight. The transaction, which values the combined entity at a pro forma equity value of $1.4 billion, will result in Navitas becoming a publicly traded company on a national exchange under a new ticker symbol.
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