Live Oak Acquisition Corp. VI sponsor owns 5.75M shares
The reported Class B shares convert into Class A ordinary shares one-for-one at the initial business combination, or earlier at the holder’s option, subject to certain adjustments.
Rhea-AI Filing Summary
Live Oak Acquisition Corp. VI reports that ten-percent owner Live Oak Sponsor VI, LLC directly holds 5,750,000 Class B ordinary shares; the ownership entry is dated September 22, 2026. Up to 750,000 shares are subject to forfeiture if the underwriters do not exercise their over-allotment option in full.
The Class B shares automatically convert into Class A ordinary shares at the initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to certain adjustments. Richard J. Hendrix, also identified as a ten-percent owner and the issuer’s Chairman and Chief Executive Officer, is the Sponsor’s managing member and has voting and investment discretion over its shares. He may be deemed to beneficially own them and disclaims beneficial ownership except to the extent of his pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares F1, F2, F3 | -- | -- | -- |
Footnotes (3)
- F1. As described in the registration statement on Form S-1 (File No. 333-298533) of Live Oak Acquisition Corp. VI (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
- F2. These shares represent the Class B ordinary shares held by Live Oak Sponsor VI, LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 750,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement.
- F3. Richard J. Hendrix, Chairman and the Chief Executive Officer of the Issuer, is the managing member of the Sponsor and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Hendrix may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Hendrix disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
initial business combination financial
over-allotment option financial
beneficial ownership financial
pecuniary interest financial
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