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Live Oak Crestview Climate Acquisition Corp. closed its IPO, raising $200 million by offering 20 million units at $10.00 each. The company focuses on merger opportunities in the climate and sustainability sectors, targeting solutions that promote the Circular Economy and reduce environmental impacts. The NYSE-listed units began trading under the symbol LOCC.U on September 23, 2021. Unit separation will yield Class A common stock and redeemable warrants, with the latter allowing share purchase at $11.50. Underwriters have a 45-day option for an additional 3 million units.
Live Oak Crestview Climate Acquisition Corp. announced the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 each. The IPO targets businesses in the climate and sustainability sectors, focusing on initiatives that promote the Circular Economy and reduce fossil fuel dependency. Trading under the ticker symbol LOCC.U will begin on September 23, 2021, with shares expected to separate into common stock and warrants priced at $11.50. The offering is set to close on September 27, 2021, with Jefferies LLC and BofA Securities as book-running managers.