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(Incorporated in the Cayman Islands)
We may pursue an initial business combination target in any industry or geographic region. We expect to focus on identifying potential target companies with an enterprise value of $500 million to $2 billion.
Rick Hendrix, our chairman and CEO, is the co-founder and managing partner of Live Oak Merchant Partners. Founded in 2019, Live Oak is a merchant banking firm specializing in principal investments, SPAC sponsorship and corporate advisory. Live Oak partners with founders, sponsors and management teams to assist companies with growth strategies and access to efficient sources of capital. Before founding Live Oak, Mr. Hendrix served as chairman and CEO of FBR & Co., a middle-market investment bank and brokerage firm, from January 2009 through FBR’s 2017 merger with B. Riley Financial.
Adam Fishman, our president and CFO, is a director and a managing partner of Live Oak. Mr. Fishman joined the firm from Jefferies LLC, where he was a managing director from February 2018 to November 2020; he started the firm’s Permanent Capital Group. Before joining Jefferies, Mr. Fishman was an executive VP and the head of institutional brokerage at FBR & Co.
(Note: Live Oak Acquisition Corp. V priced its SPAC IPO in sync with the terms in its recently amended prospectus – 20.0 million units at $10.00 each – to raise $200.0 million on Thursday night, Feb. 27, 2025. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant.)
(Note: Live Oak Acquisition Corp. V changed the composition of the unit in its SPAC IPO – to one-half of a redeemable warrant – up from one-third of a redeemable warrant – in addition to one Class A ordinary share – part of the original unit’s terms – in an S-1/A filing dated Feb. 13, 2025.)
(Note: Live Oak Acquisition Corp. V disclosed the terms for its SPAC IPO in an S-1/A filing dated Jan. 10, 2025: 20.0 million units at $10.00 each to raise $200.0 million. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant.)
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