MEMPHIS, Tenn., June 1, 2021 /PRNewswire/ -- 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
View original
content:http://www.prnewswire.com/news-releases/live-oak-mobility-acquisition-corp-announces-receipt-of-notification-letter-from-nyse-301303456.html
SOURCE Live Oak Mobility Acquisition Corp.