Live Oak Acquisition Corp. II Announces Pricing of Upsized $220,000,000 Initial Public Offering
03 12월 2020 - 8:31AM
Live Oak Acquisition Corp. II (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 22,000,000
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 it believes have significant
growth prospects with the potential to generate attractive returns
for its stockholders. The Company is led by Chief Executive
Officer, Richard J. Hendrix, Chief Financial Officer, Andrea K.
Tarbox, President, Gary K. Wunderlich, Jr., Chief Operating
Officer, Adam J. Fishman 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, December 3, 2020, under
the ticker symbol “LOKB.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 “LOKB” and “LOKB WS,” respectively.
The offering is expected to close on December 7, 2020, 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 3,300,000 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 December 2, 2020. 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 Acquisition Corp. II Andrea K. Tarbox Chief Financial
Officer(203) 858-0934 atarbox@liveoakacq.com
Live Oak Acquisition Cor... (NYSE:LOKB.U)
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