Monitor for business combination target announcement and shareholder vote; SPAC lifecycle typically 18-24 months. No revenue or earnings until a target is acquired.
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Executive Summary
Live Oak Acquisition Corp. VI priced its IPO of 20 million units at $10 per unit, expected to begin trading on Nasdaq under 'LOVIU' on September 23, 2026. The SPAC will search for a business combination target, with management led by Live Oak Merchant Partners co-founder Richard Hendrix.
Key Financial Metrics
Key Facts
- IPO of 20,000,000 units at $10/unit, raising $200 million (before over-allotments).
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
- Warrants exercisable at $11.50/share, 30 days after business combination, expiring 5 years after.
- Underwriter has 45-day option to purchase up to 3,000,000 additional units for over-allotments.
- Management led by Richard Hendrix (Chairman/CEO) and Adam Fishman (President/CFO).
- Santander is sole underwriter; offering expected to close September 24, 2026.
Financial Impact
Gross proceeds of $200 million from 20M units at $10/unit; up to $230 million if over-allotment fully exercised.
Risk Factors
- No identified acquisition target — risk of liquidation if no deal completed within required timeframe.
- Warrant dilution upon exercise post-business combination.
- SPAC market conditions may affect ability to close a favorable deal.
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3366981 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 24d ago | SC 13G | — | awaiting T+20 | — | — |
Sep 25, 2026 4w ago | SC 13G | — | awaiting T+20 | — | — |
Sep 22, 2026 4w ago | Press Release | — | awaiting T+20 | — | — |
US Market Status
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