Navitas Semiconductor Corporation - Form 8-K Filing

On May 22, 2026, Navitas Semiconductor Corporation issued 3,277,438 shares of Class A common stock to satisfy obligations related to Triggering Event I, as defined in the Business Combination Agreement. This agreement, dated May 6, 2021, involved the Company's predecessor, Live Oak Acquisition Corp. II, and Legacy Navitas. Additionally, former stockholders of Legacy Navitas and other specified individuals hold a contingent right to receive up to an aggregate of 10,000,000 shares of Class A common stock if certain stock price targets are met before October 19, 2026.