8-K/A
filed November 15, 2021, 6:59 PM ET
ticker NVTS
CIK 0001821769
M&A
confidence high
sentiment positive
materiality 0.75
Navitas Semiconductor completes SPAC merger with Live Oak Acquisition II; begins trading as NVTS
Navitas Semiconductor Corp
- Business combination closed: Live Oak Acquisition II acquires Navitas Semiconductor; combined entity now Nasdaq-listed as NVTS.
- 10,135,544 public shares redeemed at ~$10 each for aggregate ~$101.4M; trust balance ~$152M before closing.
- Post-closing: 117,733,507 common shares, 11,276,706 options, 4,525,344 RSUs, and warrants outstanding.
- Todd Glickman appointed Interim CFO; previously SVP Finance, with new employment agreement effective at closing.
- Legacy Navitas historical financials for 9 months ended Sept 30, 2021 included as exhibits (unaudited).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.9
Brian Long was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
The persons identified as directors and executive officers in Item 2.01 under the heading "Directors and Executive Officers" began serving as executive officers and directors of the Company upon the Closing.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Gene Sheridan was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
The persons identified as directors and executive officers in Item 2.01 under the heading "Directors and Executive Officers" began serving as executive officers and directors of the Company upon the Closing.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Richard J. Hendrix departed as executive officer at Navitas Semiconductor Corp.
- Action
- resigned as executive officer
- 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 1.0
Andrea Tarbox resigned as director at Navitas Semiconductor Corp.
- Action
- resigned
Exact text from the filing
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 1.0
Jonathan Furer resigned as director at Navitas Semiconductor Corp.
- Action
- resigned
Exact text from the filing
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 0.9
David Moxam was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
The persons identified as directors and executive officers in Item 2.01 under the heading "Directors and Executive Officers" began serving as executive officers and directors of the Company upon the Closing.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Adam Fishman resigned as director at Navitas Semiconductor Corp.
- Action
- resigned
Exact text from the filing
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 1.0
John P. Amboian resigned as director at Navitas Semiconductor Corp.
- Action
- resigned
Exact text from the filing
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 1.0
Tor Braham resigned as director at Navitas Semiconductor Corp.
- Action
- resigned
Exact text from the filing
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 0.9
Dipender Saluja was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
The persons identified as directors and executive officers in Item 2.01 under the heading "Directors and Executive Officers" began serving as executive officers and directors of the Company upon the Closing.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Daniel Kinzer was appointed as Director at Navitas Semiconductor Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
The persons identified as directors and executive officers in Item 2.01 under the heading "Directors and Executive Officers" began serving as executive officers and directors of the Company upon the Closing.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Gary K. Wunderlich, Jr. departed as executive officer at Navitas Semiconductor Corp.
- Action
- resigned as executive officer
- 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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