Navitas Semiconductor and Live Oak II Announce Additional PIPE Investment and Up to 2mm-Share Redemption Backstop In Connection With $1.04 Billion SPAC Business Combination

Aug 23, 2021

- Existing Navitas Investor adds $10mm commitment, at same terms as existing PIPE investors, bringing total anticipated PIPE proceeds to $155mm

- New redemption backstop of up to 2mm shares from institutional investor

PR Newswire

DUBLIN and MEMPHIS, Tenn., Aug. 23, 2021

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