Navitas SPAC Presentation Deck

Broad Adoption Of GaN In Consumer Electronics Devices need higher power in smaller, slimmer sizes Ultra-thin LED TVs ● ● GaN ICs make it possible Up to 3x higher power density in the same form factor • 3x smaller and lighter Up to 40% energy savings ● Gaming systems All-in-one PCs Smart home ● Silicon Adapter(¹) 3" x 5" x 1.5" 150W O Navitas Semiconductor 2021 GaN Adapter(¹) (1) (2) (3) 11229 >65% Smaller, Lighter, Thinner 2.75" x 1.9" x 0.5" ● PSA 10:35 Lead opportunities in late-stage development (2021 Launch)(²) Awarded Tier 1 LED TV to launch this year Awarded in-box Tier 1 All-in-one PC to launch this year ● GaN Is The Answer As Consumers Demand More Power And Smaller Form Factors Based on Navitas measurements comparing typical 150W 65 kHz Si-based AC/DC power adapter to 150W 1MHz GaN-based power adapter prototype. Based on information provided to management by potential customers. Based on estimates from Gartner, Pulsenews, Wits View, Statista and Navitas estimates. Navitas Four diverse applications drive $2B/year opportunity (3) Over 600Mu systems/yr across TV, desktop, game systems & smart home Over $3 of potential GaN content / system → $2B+ per year opportunity 20

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