Live Oak Acquisition Corp. VI Completes $230 Million IPO
News related to:Live Oak Acquisition Corp. VI · 2 min read
New York, NY, Sept. 24, 2026 /CourierPR/ -- Live Oak Acquisition Corp. VI, a blank check company formed for the purpose of effecting a merger or business combination, has completed its initial public offering (IPO) of 23,000,000 units, including 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The Company’s units began trading on September 23, 2026, on the Nasdaq Global Market under the ticker symbol “LOVIU.”
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable, and no fractional warrants will be issued upon separation of the units. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination and will expire five years after the completion of the business combination or earlier upon redemption or liquidation.
The Company’s management team, led by Richard Hendrix, its Chairman, Chief Executive Officer, and co-founder of Live Oak Merchant Partners, and Adam Fishman, its President, Chief Financial Officer, Director, and a Managing Partner of Live Oak, is set to guide the company through its strategic endeavors. The Board also includes Ashton Hudson, Andrea Tarbox, and Somsak Chivavibul, with Gary Wunderlich, Jr., serving as a Senior Advisor.
Santander acted as the sole underwriter for the offering. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 22, 2026. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.