Navitas SPAC Presentation Deck

Comparable Company Selection Semiconductors Achronix Indie Sera CompuCTRO Recent DeSPACs AEVA O Navitas Semiconductor 2021 LIDAR INNOVIZ TECHNOLOGIES OUSTER AAEYE LUMINAR Velodyne Lidar Emerging hardware technologies with significant growth inflection points in the medium to long-term 2 semiconductor DeSPACs announced in December 2020 and January 2021, both pure-play stories (FPGA and Automotive) with indie revenue curve more analogous to Navitas LiDAR players represent a crowded market chasing a similar solution with limited near-term revenue opportunity, requiring investor comfort around longer term financial profile (CY24 and on) Recent Semiconductor IPOs ALLEGRO microsystems Si Time Two most recent, regular- way semiconductor IPOs Businesses providing next- gen technologies for fundamental applications (Sensors, Timing) Attacking large, important market opportunities (Automotive, Datacenter) against significantly larger but less nimble incumbents Power Semiconductors Next-Gen High Growth CREE + MPS power integrations Navitas Mature Diversified ANALOG DEVICES TEXAS INSTRUMENTS Direct product and application comparables Next-gen, high growth names are mid-cap, more highly specialized and fastest growing companies in power segment Mature players are power analog semiconductor leaders with more diversified business segments and slower growth that represent margin profiles at the largest scale achievable 34

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