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Live Oak Acquisition Corp. VI Prices $200 Million IPO on Nasdaq
Summary
Live Oak Acquisition Corp. VI, a special purpose acquisition company, has priced its initial public offering of 20 million units at $10.00 each, raising $200 million. The units are scheduled to begin trading on the Nasdaq Global Market under the ticker 'LOVIU'.
Live Oak Acquisition Corp. VI, a blank-check company, announced it has priced its initial public offering of 20,000,000 units at $10.00 per unit. The offering will raise gross proceeds of $200 million before underwriting discounts and commissions, according to a company press release.
Offering Details
The units are expected to begin trading on the Nasdaq Global Market on September 23, 2026, under the ticker symbol NASDAQ: LOVIU. The offering is anticipated to close on September 24, 2026, subject to customary closing conditions. Santander is serving as the sole underwriter for the deal.
Additionally, the company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the IPO price to cover any over-allotments.
Unit and Warrant Structure
Each unit sold in the IPO consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant gives the holder the right to purchase one Class A ordinary share at a price of $11.50 per share.
AdThe warrants will become exercisable 30 days after the company completes its initial business combination and will expire five years after that date. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "LOVI" and "LOVIW," respectively.
Company Background
Live Oak Acquisition Corp. VI is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, asset acquisition, or similar business combination with one or more businesses. The company has not specified a target industry for its acquisition search.
The management team is led by Chairman and CEO Richard Hendrix and President and CFO Adam Fishman, both of whom are affiliated with investment firm Live Oak Merchant Partners.
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