Live Oak Acquisition Corp. II and Navitas Semiconductor Close 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 $1.04 billion, resulted in Navitas’ common shares and warrants to begin trading on October 20, 2021 on the Nasdaq Global Market under the ticker symbols “NVTS” and “NVTSW”.
About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.