Live Oak Acquisition Corp. VI (the “Company”) has completed its initial public offering (IPO) of 23,000,000 units, including the full exercise of an over-allotment option by the underwriters. The units were sold at a price of $10.00 per unit, generating gross proceeds of $230,000,000. The offering closed on September 24, 2026.
Each unit consists of one Class A ordinary share of the Company, par value $0.0001 per share, and one-half of one redeemable warrant. Once the securities begin separate trading, the Class A ordinary shares are expected to be listed on Nasdaq under the symbol “LOVI,” and the warrants under the symbol “LOVIW.” Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.
Simultaneously with the closing of the IPO, the Company completed a private sale of 4,600,000 warrants to Live Oak Sponsor VI, LLC (the “Sponsor”) pursuant to a Private Placement Warrants Purchase Agreement. These private placement warrants were sold at a price of $1.00 per warrant for aggregate proceeds of $4,600,000. The issuance of these warrants was made pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
In connection with the IPO, the Company entered into several agreements, including an Underwriting Agreement with Santander US Capital Markets LLC, which acted as the sole underwriter. The Company also filed its amended and restated memorandum and articles of association with the Cayman Islands Registrar of Companies, effective September 22, 2026.
The Company’s management team is led by Richard Hendrix, Chairman and Chief Executive Officer, and Adam Fishman, President and Chief Financial Officer. The Board of Directors includes Ashton Hudson, Andrea Tarbox, and Somsak Chivavibul, with Ms. Tarbox serving as chair of the Audit Committee and Mr. Chivavibul serving as chair of the Compensation Committee. Gary Wunderlich, Jr. will serve as a Senior Advisor.
A total of $230,000,000 of the proceeds from the IPO and the sale of the Private Placement Warrants was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. The funds in the trust account will not be released until the earliest of the completion of the Company’s initial business combination, the redemption of public shares if the Company is unable to complete a business combination within the specified timeframe, or the redemption of public shares in connection with a shareholder vote to amend the Company’s charter.
