Live Oak Special Purpose Acquisition Companies

Live Oak Merchant Partners has sponsored a series of Special Purpose Acquisition Company (SPACs).  SPACs, otherwise known as “blank check companies”, are a publicly traded corporation formed with the sole purpose of affecting a merger with a privately held business to enable it to go public.  Each of our SPACs has been led by members of Live Oak Merchant Partners in combination with an experienced team of managers, operators, and investors who have played important roles in helping to build profitable public and private businesses and to create value for stakeholders. Our team has experience operating and investing in a wide range of industries, growing both organically and through acquisitions, delivering valuable expertise and perspective.

Live Oak Acquisition Corp priced a $200mm IPO in May 2020 and subsequently completed its December 2020 acquisition of Danimer Scientific (NYSE: DNMR), a high-growth, leading producer of a 100% biodegradable plastic feedstock solution to the major global environmental issue of single-use plastic pollution, at an equity value of $890 million.

Live Oak Acquisition Corp II priced a $253mm IPO in December 2020 and subsequently completed an October 2021 business combination with Navitas Semiconductor (Nasdaq: NVTS), an industry leader in Gallium Nitride (GaN) Power ICs, at an equity value of $1.4 billion.

Live Oak Mobility Acquisition Corp (“LOKM”) priced a $253mm IPO in March 2021 and focused on opportunities in the mobility and motion technology sectors. Live Oak Merchant Partners partnered with the Hawksbill Group (“Hawksbill”), a Washington, D.C. based C-suite consultancy firm focused on global manufacturing and international operations. LOKM returned all capital to shareholders in March 2023 after failing to close a transaction within our targeted timeframe. 

Live Oak Crestview Climate Acquisition Corp (“LOCC”) priced a $200mm IPO in September 2021 and focused on opportunities in the environmental sustainability industries. Live Oak Merchant Partners partnered with Crestview Partners, which manages private equity funds with approximately $10 billion of aggregate capital commitments and has in-depth knowledge of the climate and sustainability sectors. LOCC returned all capital to shareholders in December 2023 after failing to close a transaction within our targeted timeframe with a suitable merger partner.