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

Live Oak Acquisition Corp. VI has successfully priced its initial public offering (IPO) of $200 million on the Nasdaq Global Market, according to a press release from Investing.com. The company, a blank check entity seeking to merge with a business in any industry, priced 20 million units at $10 per unit, with each unit comprising one Class A ordinary share and one-half of one redeemable warrant.

The warrants allow holders to purchase one Class A share at $11.50 per share, subject to adjustment. The warrants will become exercisable 30 days after the completion of the initial business combination and will expire five years later. Upon separation, the Class A shares and warrants are expected to trade separately on Nasdaq as LOVI and LOVIW, respectively.

Santander is acting as the sole underwriter for the offering, which is anticipated to close on September 24, 2026, subject to customary closing conditions. Live Oak Acquisition Corp. VI's management team, led by Chairman and CEO Richard Hendrix and President and CFO Adam Fishman, is affiliated with Live Oak Merchant Partners.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.