Navitas Semiconductor Corporation - Form 8-K Filing

On June 15, 2026, Navitas Semiconductor Corporation issued 3,280,666 shares of Class A common stock to satisfy obligations related to Triggering Event III under the Business Combination Agreement. This agreement, dated May 6, 2021, involved the company's predecessor, Live Oak Acquisition Corp. II, and Legacy Navitas. Former stockholders of Legacy Navitas and other specified individuals had a contingent right to receive up to 10,000,000 shares of Class A common stock if certain stock price targets were met before October 19, 2026. As of the filing date, a total of 9,841,948 shares have been issued under the Business Combination Agreement, fulfilling all triggering events and earnout share issuances.