November 29, 2021

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

Navitas and Live Oak II add $18m to PIPE, raising total proceeds to $173m

Regarding their proposed business combination (which values the combined entity at a pro forma equity value of $1.04bn), gallium nitride (GaN) power integrated circuit firm Navitas Semiconductor of El Segundo, CA, USA and Dublin, Ireland and its partner Live Oak Acquisition Corp II – a publicly traded special-purpose acquisition company (SPAC) – have added $18m to its ‘PIPE’ (private investment in public equity)…