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GaN IC maker Navitas to go public GaN power IC company Navitas Semiconductor is to become a publicly-traded company by combining with Live Oak Acquisition Corp II, a publicly-traded special purpose acquisition company. The transaction will value the combined entity at a pro forma equity value of $1.4bn, according to Navitas. “Not only has Navitas’ world-class team invented and patented revolutionary new technology, but we have also overcome all the key hurdles associated with bringing it to market,” said Navitas CEO and co-founder Gene Sheridan ( pictured). “We are proud to enter the ...

Share this article Share this article DUBLIN and MEMPHIS, Tenn., May 7, 2021 /PRNewswire/ -- (NYSE: LOKB) Navitas Semiconductor ("the Company" or "Navitas"), the industry leader in GaN Power ICs, today announced that it has entered into a definitive agreement to combine with Live Oak Acquisition Corp. II ("Live Oak II"), a publicly-traded special purpose acquisition company. 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. Gallium Nitride...

Posted on 8587 Meredian Holdings Group, Inc., doing business as Danimer Scientific (“Legacy Danimer”), a next generation bioplastics company focused on the development and production of biodegradable materials, and Danimer Scientific, Inc. (f/k/a Live Oak Acquisition Corp. (“Live Oak”)) announced today that they have completed their previously announced business combination. The transaction was unanimously approved by the board of directors of Live Oak and was approved at a special meeting of Live Oak stockholders on Decemb...

Author Bio Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. What happened Shares of Live Oak Acquisition (NYSE:LOAK) are soaring today, as the special purpose acquisition company (SPAC) holds a shareholder vote on its proposed merger with Danimer S...