Document and Entity Information
Document and Entity Information | Nov. 09, 2021 |
Document And Entity Information [Line Items] | |
Entity Registrant Name | Navitas Semiconductor Corp |
Amendment Flag | true |
Entity Central Index Key | 0001821769 |
Document Type | 8-K/A |
Document Period End Date | Nov. 9, 2021 |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-39755 |
Entity Tax Identification Number | 85-2560226 |
Entity Address, Address Line One | 22 Fitzwilliam Square South |
Entity Address, City or Town | Dublin |
Entity Address, Country | IE |
Entity Address, Postal Zip Code | D02 FH68 |
City Area Code | (844) |
Local Phone Number | 654-2642 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Amendment Description | On November 9, 2021, Navitas Semiconductor Corporation (f/k/a Live Oak Acquisition Corp. II (“LOKB”)) (the “Company”) filed a Current Report on Form 8-K with the Securities and Exchange Commission (the “SEC”) (the “Original Current Report”) to report its financial results for the third quarter ended September 30, 2021 of its wholly owned subsidiary Navitas Semiconductor Limited, a private company limited by shares organized under the laws of Ireland (“Navitas Ireland”) with a dual existence as a domesticated limited liability company in the State of Delaware as Navitas Semiconductor Ireland, LLC (“Navitas Delaware”, and together with Navitas Ireland, “Legacy Navitas”), including its consolidated subsidiaries. A copy of the press release announcing such results was attached to the Original Current Report as Exhibit 99.1 (the “Original Press Release”) and incorporated by reference therein. The preliminary unaudited results included in the Original Press Release reflected operating expenses which included acquisition-related expenses of $2.3 million and stock-based compensation expense of $0.4 million for the three months ended September 30, 2021 which will be recognized only in the three months ended December 31, 2021. Accordingly, actual operating expenses and net loss for the three months ended September 30, 2021 are each $2.37 million lower than the preliminary figures included in the Original Press Release. The Company is filing this Amended Current Report on Form 8-K/A (the “Amended Current Report”) to amend and restate Item 2.02 and to correct the disclosures made in Exhibit 99.1 to the Original Current Report. Except as amended by this Amended Current Report, all information set forth in the Original Current Report and corresponding exhibits remains unchanged. |
Common Stock Par Value 0.0001 Per Share 2 [Member] | |
Document And Entity Information [Line Items] | |
Security 12b Title | Common Stock, par value $0.0001 per share |
Trading Symbol | NVTS |
Security Exchange Name | NASDAQ |
Warrants To Receive One Share Of Common Stock At An Exercise Price Of 11.50 Per Share 1 [Member] | |
Document And Entity Information [Line Items] | |
Security 12b Title | Warrants to receive one share of Common Stock at an exercise price of $11.50 per share |
Trading Symbol | NVTSW |
Security Exchange Name | NASDAQ |