Navitas SPAC Presentation Deck

Valuation Summary Trading multiples based on power semiconductor comparable players (1) at 9.0x 13.0x 2022E projected revenue. We apply the 2023 projected revenue metric and discount at a 20% rate For reference, recent early stage / high growth semiconductor deSPACs (2) are trading at a median of 6.2x 2023 projected revenue and recent LiDAR deSPACs (3) are trading at median of 18.0x 2023 projected revenue Implied enterprise value based on comparable companies ($bn) O Navitas Semiconductor 2021 $2.4 $1.6 (4) 9.0x 13.0x 2023E Projected Revenue Implied future enterprise value $2.0 $1.4 Discount rate: 20% Implied current enterprise value Transaction value ($bn) $1.04 5.7x 2023E Projected Revenue (2.3x 2025E Projected Revenue) Proposed transaction enterprise value (1) Comparable power semiconductor companies include Monolithic Power Systems, Cree Inc., Power Integrations, Texas Instruments, and Analog Devices. (2) Semiconductor DeSPACs include Indie and Achronix. (3) LiDAR DESPACs include Aeva, Aeye, Innoviz Technologies, Luminar, Ouster and Velodyne Lidar. (4) 2023E projected revenue ~$182mm. Source: company filings, FactSet. Navitas 61% Upside 94% Upside 37

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