“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.
Barron’s: Navitas is Going Public via a SPAC. Its CEO Says the Future Is Bright for Its Gallium Nitride Chips.
“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.”