Navitas Semiconductor settles earnout dispute with sponsor; forfeits 115,775 shares and releases 1,147,225 shares

Navitas Semiconductor Corp

Settlement resolves disputes over earnout shares from 2021 business combination; 421,000 Tranche II shares and 305,225 Tranche III shares released immediately.
Live Oak Sponsor forfeits 115,775 shares (27.5% of Tranche III) that were subject to dispute.
Mutual release of all claims related to earnout vesting disputes; parties agree to confidentiality and non-disparagement.
Navitas avoids potential litigation over triggers for earnout vesting.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Navitas Semiconductor Corp entered into Settlement Agreement with Live Oak Sponsor Partners II, LLC (effective 2026-05-18).

Action: entry
Agreement: settlement
Counterparty: Live Oak Sponsor Partners II, LLC
Effective: 2026-05-18

Exact text from the filing

On May 18, 2026, Navitas Semiconductor Corporation (the “Company”) entered into a Settlement, Release and Amendment Agreement (the “Settlement Agreement”), by and between the Company and Live Oak Sponsor Partners II, LLC (“Live Oak Sponsor”).

View on SEC.gov

Browse all material agreements →

Navitas Semiconductor Corp filing history →

Source: SEC EDGAR

accession 0001104659-26-065731

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.