Live Oak Acquisition Corp. VI (the “Company”) has completed its initial public offering (IPO) and filed an audited balance sheet as of September 24, 2026. The blank check company raised gross proceeds of $230,000,000 through the sale of 23,000,000 units at a price of $10.00 per unit. This offering included the full exercise of the underwriters’ over-allotment option for an additional 3,000,000 units.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The warrants are exercisable for one Class A ordinary share at a price of $11.50 per share. Simultaneously with the IPO, the Company completed a private placement of 4,600,000 warrants to its sponsor, Live Oak Sponsor VI, LLC, generating gross proceeds of $4,600,000.
As of September 24, 2026, the Company’s total assets were $234,114,791. This total is comprised of $230,000,000 in cash held in a trust account and $4,114,791 in current cash assets. The trust account is managed by Continental Stock Transfer & Trust Company and holds the net proceeds from the IPO and the private placement of warrants.
The Company’s liabilities and equity reflect the structure of the IPO. Current liabilities include accrued offering costs of $359,791 and accrued expenses of $81,692. Additionally, the Company has recorded deferred underwriting fees and an advisory fee payable of $6,900,000 each. The balance sheet also lists Class A ordinary shares subject to possible redemption at a value of $230,000,000. The Company’s Class B ordinary shares issued and outstanding total 5,750,000, with a par value of $0.0001 per share.
The Company has not commenced any operations and has not engaged in substantive discussions with any business combination targets. It intends to use the trust account funds to complete an initial business combination within 21 to 24 months from the closing of the IPO. Public shareholders will have the opportunity to redeem their shares at the fair value of the trust account per share upon the completion of the business combination.
