other material
confidence high
sentiment neutral
materiality 0.40
Live Oak Acquisition Corp. VI closes $230M IPO, 23M units at $10.00; $230M placed in trust
Live Oak Acquisition Corp. VI
- IPO of 23,000,000 units at $10.00 per unit raised $230,000,000 gross, including full exercise of the underwriters' 3,000,000-unit over-allotment option.
- Sponsor Live Oak Sponsor VI, LLC purchased 4,600,000 private placement warrants at $1.00 each, generating an additional $4,600,000 gross.
- $230,000,000 ($10.00 per unit) placed in a U.S. trust account with Continental Stock Transfer & Trust Company as trustee; total assets $234,114,791.
- Transaction costs totaled $7,709,120, including $6,900,000 of deferred underwriting fees and $250,000 of cash underwriting fees.
- No business combination target identified and no substantive discussions held; must complete a deal within 21 months (24 with a signed definitive agreement).