8-K
filed October 25, 2021, 7:59 PM ET
ticker NVTS
CIK 0001821769
M&A
confidence high
sentiment neutral
materiality 0.75
Navitas Semiconductor completes SPAC merger with Live Oak; begins trading under NVTS on Nasdaq
Navitas Semiconductor Corp
- PIPE investors purchased 17.3M shares at $10.00/share for $173M aggregate proceeds.
- Approximately 10.1M public shares redeemed for ~$101.4M prior to closing.
- Post-closing outstanding shares: 117.7M; warrants 13.1M (8.4M public + 4.7M private).
- Company name changed from Live Oak Acquisition Corp. II to Navitas Semiconductor Corporation.
- Ticker symbol changed to NVTS (common) and NVTSW (warrants) on Nasdaq.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Fishman resigned as Executive Officer and Director at Navitas Semiconductor Corp.
- Action
- resigned
- Role
- Executive Officer and Director
Exact text from the filing
Effective upon the Closing, John P. Amboian, Andrea Tarbox, Adam Fishman, Jonathan Furer and Tor Braham resigned as executive officers and directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Gene Sheridan was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
As Class I directors, each of Gene Sheridan and Daniel Kinzer will serve until the Company’s 2022 annual meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Daniel Kinzer was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
As Class I directors, each of Gene Sheridan and Daniel Kinzer will serve until the Company’s 2022 annual meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrea Tarbox resigned as Executive Officer and Director at Navitas Semiconductor Corp.
- Action
- resigned
- Role
- Executive Officer and Director
Exact text from the filing
Effective upon the Closing, John P. Amboian, Andrea Tarbox, Adam Fishman, Jonathan Furer and Tor Braham resigned as executive officers and directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Brian Long was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
as Class II directors, each of Brian Long, Dipender Saluja and David Moxam will serve until the Company’s 2023 annual meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Furer resigned as Executive Officer and Director at Navitas Semiconductor Corp.
- Action
- resigned
- Role
- Executive Officer and Director
Exact text from the filing
Effective upon the Closing, John P. Amboian, Andrea Tarbox, Adam Fishman, Jonathan Furer and Tor Braham resigned as executive officers and directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard J. Hendrix resigned as Executive Officer at Navitas Semiconductor Corp.
- Action
- resigned
- Role
- Executive Officer
Exact text from the filing
Richard J. Hendrix and Gary K. Wunderlich, Jr. resigned as executive officers of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Dipender Saluja was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
as Class II directors, each of Brian Long, Dipender Saluja and David Moxam will serve until the Company’s 2023 annual meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Richard J. Hendrix was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
and as Class III directors, each of Richard J. Hendrix and Gary K. Wunderlich, Jr. will serve until the Company’s 2024 annual meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John P. Amboian resigned as Executive Officer and Director at Navitas Semiconductor Corp.
- Action
- resigned
- Role
- Executive Officer and Director
Exact text from the filing
Effective upon the Closing, John P. Amboian, Andrea Tarbox, Adam Fishman, Jonathan Furer and Tor Braham resigned as executive officers and directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tor Braham resigned as Executive Officer and Director at Navitas Semiconductor Corp.
- Action
- resigned
- Role
- Executive Officer and Director
Exact text from the filing
Effective upon the Closing, John P. Amboian, Andrea Tarbox, Adam Fishman, Jonathan Furer and Tor Braham resigned as executive officers and directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
David Moxam was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
as Class II directors, each of Brian Long, Dipender Saluja and David Moxam will serve until the Company’s 2023 annual meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Gary K. Wunderlich, Jr. was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
and as Class III directors, each of Richard J. Hendrix and Gary K. Wunderlich, Jr. will serve until the Company’s 2024 annual meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary K. Wunderlich, Jr. resigned as Executive Officer at Navitas Semiconductor Corp.
- Action
- resigned
- Role
- Executive Officer
Exact text from the filing
Richard J. Hendrix and Gary K. Wunderlich, Jr. resigned as executive officers of the Company
View on SEC.gov
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