Live Oak Acquisition Corp. V (NASDAQ:LOKVU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LOKVU”, Friday, February 28, 2025.
The new SPAC plans to combine with a high-growth company that is generating substantial free cash flow with a defensible market position.
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, Jonathan Furer and Andrea Tarbox. Gary Wunderlich, Jr. will serve as a Senior Advisor.
Total SPAC deal count for 2025 year-to-date is now 14. This offering is expected to close on Monday, March 3, 2025.
Santander US Capital Markets LLC is acting as the sole underwriter for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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