Document and Entity Information | Oct. 19, 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 | Oct. 19, 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 October 25, 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 Report”) to report various matters related to the consummation of its Business Combination (as defined in the Original Report) with 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”) pursuant to that certain business combination agreement and plan of reorganization (the “Business Combination Agreement”), dated as of May 6, 2021, by and among LOKB, Live Oak Merger Sub Inc., a Delaware corporation and a wholly owned direct subsidiary of LOKB (“Merger Sub”), and Legacy Navitas. The Company is filing this Amended Report on Form 8-K/A (the “Amended Report”) solely to (a) amend and restate Item 2.01 to include the unaudited condensed consolidated financial statements of Legacy Navitas as of September 30, 2021 and for the three and nine months ended September 30, 2021 and 2020 in Exhibit 99.4 and the related management’s discussion and analysis of the financial condition and results of operation of Legacy Navitas in Exhibit 99.3, (b) amend and restate Item 5.02 to correct a typographical error relating to the Incentive Plan (as defined in the Original Report) which included the reserved share number under the Prior Plan (as defined in the Incentive Plan) pre-conversion, and (c) correct the related typographical error in the Incentive Plan filed as Exhibit 10.5. Except as stated in this Explanatory Note, no other information contained in the Original Report is being changed. Accordingly, this Amended Report consists only of the facing page, this Explanatory Note, the entirety of the updated Items 2.01, 5.02 and 9.01, the related new exhibits, and the signature page. This Amended Report speaks as of the original filing date of the Original Report and does not modify or update in any way disclosures made in the Original Report. Capitalized terms used but not defined herein have the meanings ascribed to them in the Original Report. |
Common Stock [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 |
Warrant [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 |