Listen: SPAC Sponsor Spotlight: Live Oak Merchant Partners

Investment firm Live Oak Merchant Partners is one of the leading "serial" SPAC sponsors, with views of maintaining a long term presence in the asset class. Led by Rick Hendrix and Gary Wunderlich, Live Oak brings both extensive capital markets and advisory experience with an investment track record. 

Live Oak has successfully completed 2 De-SPAC transactions:

• Live Oak I, $200M IPO. Merged with Danimer Scientific (DNMR) in Dec-2020

• Live Oak II, $253M IPO. Merged with Navitas Semiconductor (NVTS) in Oct-2021

With two more SPACs priced and looking for a target:

• Live Oak Mobility (LOKM), March 2021 IPO for $253M, seeking a target within the mobility and motion sectors

• Live Oak Crestview Climate (LOCC), in partnership with middle market PE firm Crestview, September 2021 $200M IPO, seeking a target in the climate / sustainability sectors

Rick and Gary are understandably quite bullish on the future of SPACs and the value that they can represent to both potential companies to take public, but also investors. They joined the podcast to discuss the current and future state of the market, what the public has gotten wrong, and what the industry needs to see to sustain and enhance the asset class. 

Live Oak Mobility Acquisition Corp. Announces Receipt of Notification Letter from NYSE

Live Oak Mobility Acquisition Corp. Announces Receipt of Notification Letter from NYSE

Memphis, TN, June 1, 2021 – Live Oak Mobility Acquisition Corp. (the “Company”) announced today that it received a notice from the New York Stock Exchange (the “NYSE”) indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The notice has no immediate effect on the listing of the Company’s securities on the NYSE. The Company will regain compliance with the NYSE listing standards by filing the Form 10-Q, which the Company anticipates filing prior to June 15, 2021.

About Live Oak Mobility Acquisition Corp.

Live Oak Mobility Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the mobility and motion technology sectors, which could include but not be limited to emerging technology companies, component/material suppliers, infrastructure providers and other mobility-related services. The Company is led by Chief Executive Officer, Richard J. Hendrix, Chief Financial Officer, President and Secretary, Gary K. Wunderlich, Jr., Chief Operating Officer, Adam J. Fishman and Chairman of the Board, Bob Ferguson.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to the Company or its management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s final prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Gary K. Wunderlich, Jr.
Chief Financial Officer, President and Secretary
Live Oak Mobility Acquisition Corp.
(901) 685-2865
gwunderlich@liveoakmp.com

Live Oak Mobility Acquisition Corp. Announces Closing of Upsized $253,000,000 Initial Public Offering

MEMPHIS, Tenn., March 4, 2021 /PRNewswire/ -- Live Oak Mobility Acquisition Corp. (the "Company"), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today that it closed its upsized initial public offering of 25,300,000 units at $10.00 per unit, including 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the mobility and motion technology sectors, which could include but not be limited to emerging technology companies, component/material suppliers, infrastructure providers and other mobility-related services.  The Company is led by Chief Executive Officer, Richard J. Hendrix, Chief Financial Officer and President, Gary K. Wunderlich, Jr., Chief Operating Officer, Adam J. Fishman and Chairman of the Board, Bob Ferguson.

The units are listed on the New York Stock Exchange (the "NYSE") and commenced trading under the ticker symbol "LOKM.U" on March 2, 2021. Each unit consists of one share of the Company's Class A common stock and one-fifth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols "LOKM" and "LOKM WS," respectively.

Jefferies LLC and BofA Securities acted as the book-running managers for the offering.

The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 877-821-7388 or by email at Prospectus_Department@Jefferies.com or BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 or by email at: dg.prospectus_request@bofa.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on March 1, 2021. This press release shall 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Mobility and motion technology SPAC Live Oak Mobility Acquisition prices upsized $220 million IPO

Live Oak Mobility Acquisition, the third blank check company formed by Live Oak Merchant Partners targeting the mobility and motion technology sectors, raised $220 million by offering 22 million units at $10. The company offered 2 million more units than anticipated. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. Sponsor affiliate Atalaya Capital Management intends to purchase $20 million worth of units in the offering.

The company is led by Chairman Bob Ferguson, the founder and CEO of global diversified business and communications consulting firm Hawksbill Group, and CEO and Director Richard Hendrix, a co-founder and Managing Partner of merchant bank Live Oak Merchant Partners and an Operating Executive at private equity firm Crestview Partners. The company plans to target the mobility and motion technology sectors, focusing on businesses with enterprise values between $500 million and $1.5 billion.

Management's previous SPACs include Live Oak Acquisition II (LOKB.U; +14% from $10 offer price), which went public in December 2020, and Live Oak Acquisition, which went public in May 2020 and completed its acquisition of bioplastics maker Danimer Scientific (DNMR; +302%) the following December.

Live Oak Mobility Acquisition plans to list on the NYSE under the symbol LOKM.U. Jefferies and BofA Securities acted as lead managers on the deal.

Mobility and motion technology SPAC Live Oak Mobility Acquisition files for a $200 million IPO

Mobility and motion technology SPAC Live Oak Mobility Acquisition files for a $200 million IPO

Live Oak Mobility Acquisition, the third blank check company formed by Live Oak Merchant Partners targeting the mobility and motion technology sectors, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.

The Memphis, TN-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Sponsor affiliate Atalaya Capital Management intends to purchase $20 million worth of units in the offering. At the proposed deal size, Live Oak Mobility Acquisition would command a market value of $250 million.

The company is led by Chairman Bob Ferguson, the founder and CEO of global diversified business and communications consulting firm Hawksbill Group, and CEO and Director Richard Hendrix, a co-founder and Managing Partner of merchant bank Live Oak Merchant Partners and an Operating Executive at private equity firm Crestview Partners. The company plans to target the mobility and motion technology sectors, focusing on businesses with enterprise values between $500 million and $1.5 billion.

Management's previous SPACs include Live Oak Acquisition II (LOKB.U; +15% from $10 offer price), which went public in December 2020, and Live Oak Acquisition, which went public in May 2020 and completed its acquisition of bioplastics maker Danimer Scientific (DNMR; +380%) the following December.

Live Oak Mobility Acquisition was founded in 2021 and plans to list on the NYSE under the symbol LOKM.U. Jefferies and BofA Securities are the joint bookrunners on the deal.