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Navitas Semiconductor, a leader in GaN power integrated circuits, announced that COO Dan Kinzer will discuss innovations in gallium nitride technology at SEMICON Taiwan 2021 from September 7-9. GaN technology allows for power solutions that are up to 20 times faster than traditional silicon, offering three times more power output with reduced size and weight. The market for GaN solutions is projected to reach $13.1 billion by 2026. Kinzer's presentation is titled 'Gallium Nitride: Electrify Our World' and will showcase recent advancements in GaN semiconductors.
Navitas Semiconductor announced its participation in the Deutsche Bank 2021 Technology Conference on September 9-10, where CEO Gene Sheridan will present the growth potential of GaNFast power ICs. With over 25 million units shipped and a $13 billion market opportunity, Navitas aims to expand into solar and EV markets. The company is set to go public via a merger with Live Oak Acquisition Corp. II at an enterprise value of $1.04 billion, with Deutsche Bank as a financial advisor.
Navitas Semiconductor and Live Oak Acquisition Corp. II (NYSE: LOKB) have announced updates on their proposed business combination, valued at a pro forma equity of $1.04 billion. The partnership is aimed at accelerating Navitas' GaN power integrated circuits technology, which offers significant advantages over traditional silicon-based solutions. The number of OEM chargers utilizing Navitas' GaNFast™ ICs has grown from 75 to over 140, with shipments increasing from 18 million to 25 million. An oversubscribed $145 million private placement has been completed, showcasing strong investor confidence.
Live Oak Acquisition Corp. II (NYSE: LOKB) has extended its tender offer to acquire Navitas Semiconductor Limited until September 17, 2021, at 11:59 p.m. New York City time. The acquisition is part of a Business Combination Agreement dated May 6, 2021. As of August 20, 2021, approximately 96.9% of ordinary shares and 99.7% of Series A preferred shares have been tendered. Live Oak II’s goal is to effect a merger to enhance shareholder value.
Navitas Semiconductor, a leader in gallium nitride (GaN) power ICs, announced participation in two significant investor conferences. The first is the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 9, 2021, where CEO Gene Sheridan will discuss the $13.1 billion GaN opportunity and a projected 117% revenue CAGR to 2026. The second event is the Canaccord Genuity 41st Annual Growth Conference on August 10, 2021, featuring COO/CTO Dan Kinzer discussing GaN technology and sustainability. Navitas has shipped over 24 million GaNFast ICs, focusing on high-performance and energy-efficient solutions.
Live Oak Acquisition Corp. II (NYSE: LOKB) and Navitas Semiconductor are set to host an investor meeting on July 26, 2021, at NASDAQ in New York. This event will highlight expert insights and showcase Navitas' innovative gallium nitride (GaN) power ICs, expected to revolutionize sectors such as mobile, EV, and solar power. With an enterprise value of $1.04 billion, Navitas aims to leverage its technology to capture a market projected to exceed $13 billion by 2026 and reduce CO2 emissions significantly by 2050.
Navitas Semiconductor has been recognized in the 2021 Electronic Engineering Times 'Silicon 100' ranking, highlighting its leadership in gallium nitride (GaN) power ICs. This accolade reflects Navitas' strong technological capabilities, market potential, and solid financial position. The company boasts over 135 OEM mobile fast chargers in production and has shipped over 20 million GaN power ICs with zero field failures. Navitas aims to capitalize on a $13 billion market opportunity beyond chargers, targeting sectors like data centers, solar power, and electric vehicles.
Navitas Semiconductor and Live Oak Acquisition Corp. II (NYSE: LOKB) announced an investor day event at NASDAQ on July 26, 2021, aimed at showcasing Navitas' upcoming public offering. Navitas specializes in gallium nitride (GaN) power ICs, which are projected to capture over $13 billion in market share by 2026. The event will feature live demonstrations of GaNFast charging technology and presentations from key executives. Navitas has successfully shipped over 20 million GaNFast power ICs to leading companies, emphasizing its growth and innovation in reducing energy consumption and CO2 emissions.
Live Oak Acquisition Corp. II (NYSE: LOKB) has filed a registration statement on Form S-4 with the SEC related to its proposed merger with Navitas Semiconductor, a leader in GaN Power ICs. Expected to finalize in Q3 2021, the transaction awaits stockholder approval and SEC clearance. Post-merger, Live Oak's shares will trade under the new ticker symbol 'NVTS'. Navitas is recognized for its innovative GaN technology, with over 20 million GaNFast power ICs sold, showcasing its strong market position.
Navitas Semiconductor and Live Oak Acquisition Corp. II (NYSE: LOKB) announced the filing of a registration statement on Form S-4 with the SEC for their proposed business combination. The registration includes a preliminary proxy statement/prospectus, detailing the merger process which aims to be completed in Q3 2021, pending shareholder approval. Upon closure, Live Oak's Class A common stock will change to the new ticker symbol 'NVTS'. Navitas, a leader in GaN power ICs, has shipped over 20 million GaNFast power ICs with zero reported failures, showcasing its reliable technology.
