Levi & Korsinsky, LLP Investigates Acquisition of Navitas Semiconductor Inc.

NEW YORK, NY / ACCESSWIRE / September 17, 2024

The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Navitas Semiconductor Inc. (“NVTS” or the “Company”) (NASDAQ:NVTS) stock purchased prior to October 9, 2021. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of the company, then known as Live Oak Acquisition Corp. II (LOKB), and whether the Board of NVTS harmed stockholders, and whether all material facts had been properly disclosed to stockholders.

Navitas Semiconductor Inc., a leading provider of integrated power and fast charging solutions, has recently come under scrutiny following its acquisition by Live Oak Acquisition Corp. II. Investors who purchased NVTS stock prior to October 9, 2021, are now facing questions regarding the fairness of the acquisition and whether the Board of NVTS acted in the best interests of stockholders.

The investigation by Levi & Korsinsky, LLP aims to uncover any potential wrongdoing or lack of transparency in the acquisition process. Stockholders are being urged to stay informed and participate in the investigation to ensure that their rights are protected.

How will this affect me?

As a stockholder of Navitas Semiconductor Inc., the ongoing investigation by Levi & Korsinsky, LLP may have implications for your investment in the company. Depending on the findings of the investigation, there could be potential legal action or changes in the company’s leadership that may impact the value of your shares.

How will this affect the world?

The outcome of the investigation into the acquisition of Navitas Semiconductor Inc. could have broader implications for the business world and corporate governance practices. If any misconduct or lack of disclosure is found, it could lead to increased scrutiny of similar transactions and encourage greater transparency in future acquisitions.

Conclusion:

In conclusion, the investigation by Levi & Korsinsky, LLP into the acquisition of Navitas Semiconductor Inc. raises important questions about the fairness and transparency of the deal. Stockholders should closely monitor developments and participate in the investigation to protect their interests. The outcome of this investigation could have wide-ranging effects on both individual investors and corporate governance practices in the future.