LOKB - Wilbur Ross SPAC is said in talks to GaN Systems public

Wilbur Ross's SPAC Ross Acquisition Corp. II  (NYSE:ROSS) is in talks to take GaN Systems public. A deal hasn't been completed yet and terms could change or no deal may happen at all, according to a Bloomberg report. GaN works on gallium-nitride technology for products such as semiconductors and transistors. Navitas Semiconductor, a competitor to GaN,  agreed to a SPAC deal with Live Oak Acquisition (NYSE:LOKB) in May. In March, ex-Commerce Secretary Wilbur Ross’ SPAC to begin trading after $300M IPO. In February, Ross aims to raise up to $345M through SPAC IPO.

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Wilbur Ross SPAC is said in talks to GaN Systems public