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LIVE OAK ACQUISITION CORP V (LOKVU) provides investors with comprehensive updates on this blank check company's strategic initiatives and regulatory milestones. This centralized resource aggregates official press releases, SEC filings, and market communications related to the company's SPAC operations and acquisition progress.
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Bookmark this page for streamlined monitoring of LOKVU's progress in identifying merger opportunities and executing its SPAC mandate. Regular updates ensure stakeholders maintain current awareness of material developments affecting this acquisition-focused investment vehicle.
Live Oak Acquisition Corp. V (Nasdaq: LOKVU) has announced that starting April 21, 2025, investors who hold units from the company's initial public offering will have the option to trade Class A ordinary shares and warrants separately. The separated components will trade on the Nasdaq Global Market under distinct symbols:
- Class A ordinary shares: LOKV
- Warrants: LOKVW
- Unseparated units: LOKVU (continuing)
Only whole warrants will be tradeable, with no fractional warrants being issued upon unit separation. The company emphasized that this announcement does not constitute an offer to sell or solicitation to buy securities, particularly in jurisdictions where such transactions would be unlawful without proper registration or qualification.
Live Oak Acquisition Corp. V has successfully completed its initial public offering (IPO) of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000. The offering included 3,000,000 units from the full exercise of underwriters' over-allotment option.
Trading began on Nasdaq Global Market under symbol LOKVU on February 28, 2025. Each unit comprises one Class A ordinary share and half a redeemable warrant. Whole warrants, exercisable at $11.50 per share, will be activated 30 days post-business combination.
Of the total proceeds, including funds from a private warrant placement, $231,150,000 ($10.05 per unit) was placed in trust. The blank check company, led by Chairman and CEO Richard Hendrix and President/CFO Adam Fishman, aims to pursue merger or acquisition opportunities across any business sector. Santander served as the sole underwriter for the offering.
Live Oak Acquisition Corp. V has announced the pricing of its $200 million initial public offering, consisting of 20,000,000 units. Each unit includes one Class A ordinary share and one-half redeemable warrant, with units trading on Nasdaq under 'LOKVU' starting February 28, 2025.
Each whole warrant allows purchase of one Class A ordinary share at $11.50 per share. The warrants become exercisable 30 days post-business combination completion. The company granted underwriters a 45-day option to purchase up to 3,000,000 additional units for over-allotments.
The blank check company, led by Chairman and CEO Richard Hendrix and President/CFO Adam Fishman, aims to merge or acquire businesses in any industry. Santander US Capital Markets serves as the sole underwriter, with the offering expected to close on March 3, 2025.
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