Live Oak Acquisition Closes $230 Million Initial Public Offering

MT newswire2026/09/24 21:14

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05:14 PM EDT, 09/24/2026 (MT Newswires) -- Live Oak Acquisition VI (LOVIU) said late Thursday it closed its initial public offering of 23 million units priced at $10 each, resulting in gross proceeds of $230 million, including 3 million units issued pursuant to the underwriters' exercise of their overallotment option in full. The units began trading Wednesday on the Nasdaq Global Market under the ticker symbol "LOVIU," the company said. Each unit consists of one class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to buy one class A ordinary share at $11.50 per share, subject to adjustment. The company said $230 million from the IPO and a simultaneous private placement of warrants was placed in its trust account.

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