Live Oak Acquisition Corp. VI Completes $230,000,000 Initial Public Offering
The $230 million trust deposit came from the offering and a simultaneous private warrant placement.
Rhea-AI Summary
Live Oak Acquisition VI (LOVIU) closed its $230 million initial public offering on September 24, 2026.
The company sold 23 million units at $10.00 each, including 3 million units from the underwriters’ fully exercised over-allotment option. The units began trading on the Nasdaq Global Market under LOVIU on September 23, 2026. Each unit contains one Class A ordinary share and half of one redeemable warrant. A whole warrant allows its holder to buy one Class A ordinary share for $11.50, subject to adjustment.
$230 million from the offering and a simultaneous private warrant placement was placed in a company trust account. Live Oak Acquisition VI is a blank check company formed to pursue a business combination in any industry. Once separate trading begins, the shares and warrants are expected to trade on Nasdaq under LOVI and LOVIW, respectively.
Positive
- $230 million IPO closed at $10.00 per unit
Negative
- None.
News Explained
The warrants are not exercisable until 30 days after a business combination is completed, so they cannot add shares through exercise before then; they expire five years after completion, or earlier upon redemption or liquidation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New York, NY, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Live Oak Acquisition Corp. VI (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants,
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry. The Company’s management team is led by Richard Hendrix, its Chairman, Chief Executive Officer and the co-founder of Live Oak Merchant Partners (“Live Oak”), and Adam Fishman, its President, Chief Financial Officer, Director and a Managing Partner of Live Oak. The Board also includes Ashton Hudson, Andrea Tarbox and Somsak Chivavibul. Gary Wunderlich, Jr. serves as a Senior Advisor.
Santander acted as the sole underwriter for the offering.
The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 22, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contacts
Live Oak Acquisition Corp. VI
4921 William Arnold Road
Memphis, Tennessee 38117
Attn: Adam Fishman
E-mail: IR@liveoakmp.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When can Live Oak Acquisition VI warrants be exercised?
The warrants become exercisable 30 days after completion of the company’s initial business combination. They expire five years after its completion, or earlier upon redemption or liquidation. Only whole warrants are exercisable.
What happens to fractional warrants when Live Oak Acquisition VI units separate?
No fractional warrants will be issued when the units separate, and only whole warrants will trade. Each unit contains half of one redeemable warrant.