Live Oak Acquisition VI, a blank check company formed by Live Oak Merchant Partners, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
Live Oak Acquisition VI is led by CEO and Chairman Richard Hendrix, the founder and Managing Partner of merchant banking firm Live Oak. He is joined by CFO and Director Adam Fishman, a Managing Partner at Live Oak. The SPAC intends to target businesses with defensible market positions with an enterprise value between $500 million and $2 billion.
Management's previous SPACs include Live Oak Acquisition, which completed its combination with bioplastics maker Danimer Scientific (formerly OTC: DNMR; filed for Chapter 11 in 2025) in 2020; Live Oak Acquisition II, which completed its combination with semiconductor developer Navitas Semiconductor (NVTS; +25% from $10 offer price) in 2021; and Live Oak Acquisition V, which merged with SME acquirer and operator Teamshares (TMS; -18%) in June 2026. Two of its other SPACs liquidated (LOKM.U and LOCC.U).
The Memphis, TN-based company will trade on the Nasdaq under the symbol LOVIU. Santander acted as sole bookrunner on the deal.
