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home / news releases / LOAK - Growth focused SPAC Live Oak Acquisition Corp. II prices upsized $220M IPO

LOAK - Growth focused SPAC Live Oak Acquisition Corp. II prices upsized $220M IPO

Live Oak Acquisition Corp.
Live Oak Acquisition Corp. II (LOKBU) has priced its upsized initial public offering of 22M units (from 20M) at $10/unit. Trading commenced today on New York Stock Exchange.Each unit consists of one share of Class A common stock and one-third of one redeemable warrant at $11.50/share. Offering is expected to close on December 7.Underwriters' over-allotment is an additional 3.3M units.SPAC intends to focus its search on companies it believes have significant growth prospects with the potential to generate attractive returns for its stockholders.The group's previous SPAC, Live Oak Acquisition (LOAK) went public in May, 2020 and recently announced a merger agreement with Danimer Scientific.

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Growth focused SPAC Live Oak Acquisition Corp. II prices upsized $220M IPO
Stock Information
Company Name: Live Oak Acquisition Corp.
Stock Symbol: LOAK
Market: NYSE
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