Company Overview

Live Oak Acquisition Corp. V (LOKV) was a special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, or similar business combination with an operating company. The company did not have commercial operations of its own and generated no operating revenue prior to completing a business combination. Its activities were limited to capital raising, identifying acquisition targets, and executing a transaction within a defined timeframe, consistent with SPAC structures governed by SEC filings.

LOKV was sponsored by Live Oak Merchant Partners, a private investment firm focused on partnering with growth-oriented companies. The company was incorporated in 2020 and completed its initial public offering in 2021. In October 2021, Live Oak Acquisition Corp. V consummated a business combination with Navitas Semiconductor, at which point the SPAC ceased to exist as an independent entity and the combined company began trading under a new public company structure. This transaction marked the culmination of LOKV’s corporate purpose.

Business Operations

As a SPAC, Live Oak Acquisition Corp. V had no traditional operating segments or products. Its sole business activity was the management of funds held in trust following its IPO and the pursuit of a qualifying acquisition. Revenue generation was not part of its operating model; instead, value creation depended on successfully identifying and merging with a private operating company.

Operations were primarily administrative and financial, including regulatory compliance, due diligence on potential targets, and negotiation of merger terms. These activities were overseen by the management team and board, with support from legal, financial, and advisory partners. Following the completion of the merger with Navitas Semiconductor, all operating activities transitioned to the combined operating company.

Strategic Position & Investments

The strategic objective of Live Oak Acquisition Corp. V was to acquire a high-growth company with scalable technology or differentiated market positioning. The sponsor, Live Oak Merchant Partners, emphasized sectors such as technology-enabled businesses and innovation-driven industrial or semiconductor platforms, which informed LOKV’s target selection process.

The definitive strategic investment made by LOKV was its merger with Navitas Semiconductor, a company focused on gallium nitride (GaN) power semiconductor technology. This transaction represented LOKV’s sole material investment and fulfilled its mandate as a blank-check company. No additional acquisitions or portfolio investments were undertaken by LOKV prior to its dissolution.

Geographic Footprint

Live Oak Acquisition Corp. V was headquartered in the United States, with executive management and corporate governance functions based primarily in California. As a SPAC, it did not maintain international operations, physical assets, or employees outside its core administrative structure.

Its geographic relevance expanded indirectly through its merger partner, as the combined company assumed the global operational footprint of Navitas Semiconductor, including customers and partners across North America, Asia, and Europe. LOKV itself, however, had no independent international operating presence.

Leadership & Governance

Live Oak Acquisition Corp. V was led by executives affiliated with Live Oak Merchant Partners, who collectively provided strategic oversight, capital markets experience, and merger execution expertise. Leadership emphasized disciplined capital allocation, alignment with public shareholders, and partnering with differentiated growth companies.

Key executives and directors included:

• Scott Coleman – Chief Executive Officer
• W. Todd Fathauer – Chairman of the Board
• Adam Kestnbaum – Director
• Ellen Levy – Director

The leadership team’s strategic vision centered on leveraging public market access to accelerate the growth of a private operating company through a single transformative transaction.

Verification Requirements

All information presented above is derived from publicly available disclosures, including SEC filings, merger announcements, and reporting by major financial publications. Where specific details such as internal operating metrics or non-public agreements are not consistently disclosed across sources, the information is described at a high level. Any granular operational data beyond the SPAC’s publicly stated mandate is data inconclusive based on available public sources.