secwatch.observer — SEC 8-K summary
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Issuer:     Navitas Semiconductor Corp (NVTS)
CIK:        0001821769
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001193125-21-306726
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.02, 9.01, 9.02, 3.02, 3.03, 4.01, 5.01, 5.03, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Navitas Semiconductor completes SPAC merger with Live Oak; begins trading under NVTS on Nasdaq
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821769/000119312521306726/0001193125-21-306726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821769/000119312521306726/d225525d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-306726

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer