Corporate ActionSep 30, 2026, 04:31 PM
Live Oak Acquisition Corp. VI Completes $230M IPO and Private Placement
AI Summary
Live Oak Acquisition Corp. VI announced the consummation of its initial public offering (IPO) of 23,000,000 units, generating gross proceeds of $230,000,000. The IPO price was $10.00 per unit, and it included the full exercise of the underwriters' over-allotment option. Simultaneously, the company completed a private placement of 4,600,000 warrants to its sponsor, Live Oak Sponsor VI, LLC, for $4,600,000. The net proceeds from both offerings, totaling $230,000,000, have been placed in a U.S.-based trust account.
Key Highlights
- Live Oak Acquisition Corp. VI consummated its initial public offering (IPO) of 23,000,000 units.
- Gross proceeds from the IPO were $230,000,000, with units priced at $10.00 each.
- The company also completed a private placement of 4,600,000 warrants for $4,600,000.
- A total of $230,000,000 was placed in a U.S.-based trust account.
- The IPO included the full exercise of the underwriters' over-allotment option for 3,000,000 units.
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
- Warrants are exercisable at $11.50 per share.
Price Impact