3//SEC Filing
Live Oak Sponsor Partners II, LLC 3
Accession 0001213900-20-040592
CIK 0001821769other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 8:08 PM ET
Size
6.0 KB
Accession
0001213900-20-040592
Insider Transaction Report
Form 3
Live Oak Sponsor Partners II, LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (6,325,000 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-249854) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), will automatically be converted into shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]These shares represent Class B Common Stock held by Live Oak Sponsor Partners II, LLC (the "Sponsor") that were acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B Common Stock owned by the Sponsor includes up to 825,000 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option as described in the issuer's Registration Statement. Richard J. Hendrix, the issuer's Chief Executive Officer and Director, and Gary J. Wunderlich, Jr., the issuer's President, are the managing members of the Sponsor and have voting and investment discretion with respect to the securities held by the Sponsor. As such, Messrs. Hendrix and Wunderlich may be deemed to share beneficial ownership of the shares of Class B Common Stock held directly by the Sponsor.
- [F3]Each of our officers and directors hold a direct or indirect interest in our Sponsor and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
Documents
Issuer
Live Oak Acquisition Corp II
CIK 0001821769
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001821739
Filing Metadata
- Form type
- 3
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 8:08 PM ET
- Size
- 6.0 KB