NVTS 8-K
Navitas Semiconductor Corp (NVTS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
On May 22, 2026, Navitas Semiconductor Corporation (the “Company”) issued 3,277,438 shares of the Company’s Class A common stock, par value of $0.0001 per share (the “Class A common stock”), in satisfaction of its obligations with respect to Triggering Event I (as defined in that certain Business Combination Agreement and Plan of Reorganization (the “Business Combination Agreement”), dated as of May 6, 2021, by and among the Company’s predecessor entity (then named Live Oak Acquisition Corp. II), Live Oak Merger Sub Inc. and Navitas Semiconductor Limited, including as domesticated in the State of Delaware as Navitas Semiconductor Ireland, LLC (“Legacy Navitas”)).
Pursuant to the Business Combination Agreement, the former stockholders
of Legacy Navitas and certain persons set forth in the Business Combination Agreement have the contingent right to receive up to a total
of 10,000,000 shares of Class A common stock from the Company if the Company’s stock price achieves certain price targets before
October 19, 2026.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NAVITAS SEMICONDUCTOR CORPORATION | ||
| Dated: May 22, 2026 | ||
| By: | /s/ Chris Allexandre | |
| Chris Allexandre | ||
| President and Chief Executive Officer | ||