Live Oak Acquisition Corp. VI prices $200M IPO on Nasdaq

Live Oak Acquisition Corp. VI recently completed its initial public offering (IPO) on the Nasdaq Global Market. The company priced its offering at $10.00 per unit, raising a total of $200,000,000. The units, designated as NASDAQ: LOVIU, are expected to commence trading on September 23, 2026. Each unit represents one Class A ordinary share and half of a redeemable warrant.

The warrants provide the holder the right to purchase one Class A ordinary share at $11.50 per share, adjustable, and become exercisable 30 days following the completion of a business combination. The warrants will expire five years after that completion. After separation, the Class A shares and warrants are projected to trade separately on Nasdaq, symbolized as LOVI and LOVIW, respectively.

The offering is slated to close on September 24, 2026, contingent upon customary closing conditions. The company, a blank check firm, aims to engage in a merger, asset acquisition, share exchange, or similar business combination across various industries. Its management team, headed by Richard Hendrix as Chairman and Chief Executive Officer, and Adam Fishman as President and Chief Financial Officer, are both associated with Live Oak Merchant Partners. Santander serves as the sole underwriter for this offering.