Live Oak Crestview Climate Acquisition Corp. Receives NYSE Notice Regarding Delayed Form 10-Q Filing

Live Oak Crestview Climate Acquisition Corp. Receives NYSE Notice Regarding Delayed Form 10-Q Filing

Memphis, TN, November 28, 2023 - Live Oak Crestview Climate Acquisition Corp. (NYSE: LOCC) (the “Company”) today announced 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 September 30, 2023 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”).

As the Company reported in its Form 8-K filed with the SEC on November 15, 2023, the Company will redeem all of the its outstanding shares of Class A common stock sold as part of the units in the Company’s initial public offering (whether they were purchased in the initial public offering or thereafter in the open market), effective as of the close of business on November 30, 2023 (the “Liquidation”).

The notice has no immediate effect on the listing of the Company’s securities on the NYSE. However, the Company’s securities will not continue to be listed on the NYSE subsequent to the Liquidation.

About Live Oak Crestview Climate Acquisition Corp.

Live Oak Crestview Climate 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 climate and sustainability spaces which facilitate the Circular Economy, progress via the energy transition away from fossil fuels, enhance food chain continuity, recycling and alternative sourcing, as well as mitigate greenhouse gases and reduce plastic waste in the environment. 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, Board member, Adam Klein and Chairman of the Board, John P. Amboian.

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 Securities and Exchange Commission (“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 registration statement 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 Crestview Climate Acquisition Corp.

(901) 685-2865

gwunderlich@liveoakmp.com

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 Crestview Climate Acquisition Corp. Announces Closing of $200,000,000 Initial Public Offering

Live Oak Crestview Climate Acquisition Corp. Announces Closing of $200,000,000 Initial Public Offering

PRNEWSWIRE

MEMPHIS, Tenn., Sept. 27, 2021 /PRNewswire/ -- Live Oak Crestview Climate 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 initial public offering of 20,000,000 units at $10.00 per unit. 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 climate and sustainability spaces which facilitate the Circular Economy, progress via the energy transition away from fossil fuels, enhance food chain continuity, recycling and alternative sourcing, as well as mitigate greenhouse gases and reduce plastic waste in the environment. 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, Board member, Adam Klein, and Chairman of the Board, John P. Amboian.

The units are listed on the New York Stock Exchange (the "NYSE") and commenced trading under the ticker symbol "LOCC.U" on September 23, 2021. Each unit consists of one share of the Company's Class A common stock and one-third 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 "LOCC" and "LOCC WS," respectively.

Jefferies LLC and BofA Securities acted as the book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. 

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 September 22, 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.

Contact

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

SOURCE Live Oak Crestview Climate Acquisition Corp.

Live Oak Crestview Climate Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering

Live Oak Crestview Climate Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering

MEMPHIS, Tenn., Sept. 22, 2021 /PRNewswire/ -- Live Oak Crestview Climate 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 priced its initial public offering of 20,000,000 units at $10.00 per unit. 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 climate and sustainability spaces which facilitate the Circular Economy, progress via the energy transition away from fossil fuels, enhance food chain continuity, recycling and alternative sourcing, as well as mitigate greenhouse gases and reduce plastic waste in the environment. 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, Board member, Adam Klein and Chairman of the Board, John P. Amboian.

The units will be listed on the New York Stock Exchange (the "NYSE") and will begin trading tomorrow, September 23, 2021, under the ticker symbol "LOCC.U." Each unit consists of one share of the Company's Class A common stock and one-third 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 "LOCC" and "LOCC WS," respectively.

The offering is expected to close on September 27, 2021, subject to customary closing conditions.

Jefferies LLC and BofA Securities are acting as the book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, 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 has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC") on September 22, 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 offering discussed above will be completed on the terms described, or at all, or 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 preliminary 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.

Contact

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