Live Oak Acquisition Corp. II (LOKB) to Combine with Navitas Semiconductor in $1Bn Deal

Live Oak Acquisition Corp. II (LOKB) to Combine with Navitas Semiconductor in $1Bn Deal

Live Oak II (NYSE: LOKB) has entered into a definitive agreement to combine with advanced charging electronics-maker Navitas at an enterprise value of $1.036 billion, or 5.7x its 2023E revenue. California-based Navitas produces gallium nitride semiconductors that enable faster and more compact power supply and charging to an array of consumer and industrial electronics sectors.
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