Live Oak Acquisition Corp. II (NYSE: LOKB) and Navitas Semiconductor, the Industry Leader in Gallium Nitride (GaN) Power ICs, Announces Shareholder Approval of their Business Combination

Provided By PR Newswire

Last update: Oct 13, 2021

DUBLIN and MEMPHIS, Tenn., Oct. 13, 2021 /PRNewswire/ -- Navitas Semiconductor ("the Company" or "Navitas"), the industry leader in GaN Power ICs, and Live Oak Acquisition Corp. II (NYSE: LOKB) ("Live Oak II" or "LOKB"), a blank check company, announced that at their special meeting held yesterday, Live Oak II shareholders voted to approve the previously proposed business combination between Live Oak II and Navitas (the "Business Combination"), as well as all other proposals related to the Business Combination. Approximately 98.4% of the votes cast at the special meeting voted to approve the Business Combination.

Combined Company Expected to Begin Trading on NASDAQ Under Ticker Symbols "NVTS" and "NVTSW".