Live Oak Acquisition Corp. VI Completes $230M IPO

What Happened

• Live Oak Acquisition Corp. VI (a special purpose acquisition company) announced on Sept. 24, 2026 that it closed its IPO of 23,000,000 units at $10.00 per unit, generating $230,000,000 in gross proceeds (this total reflects the underwriters’ full exercise of a 3,000,000‑unit over‑allotment option). Each unit includes one Class A ordinary share and one‑half of a redeemable warrant (each whole warrant exercisable to buy one Class A share at $11.50). Simultaneously, the company sold 4,600,000 private placement warrants to its sponsor for $1.00 per warrant, raising $4,600,000.
• The company filed related agreements (underwriting, warrant agreement, trust agreement, registration rights, sponsor purchase agreement, indemnity agreements, etc.) and placed $230,000,000 (including $6.9M of the underwriter’s deferred discount) into a U.S. trust account maintained by Continental Stock Transfer & Trust Company.

Key Details

• IPO: 23,000,000 units at $10.00 = $230,000,000 gross proceeds; underwriters exercised full 3,000,000 over‑allotment.
• Warrants: Public unit warrants exercise price $11.50; private placement: 4,600,000 warrants sold to Live Oak Sponsor VI, LLC at $1.00 each ($4.6M).
• Board & governance: On Sept. 23, 2026 Messrs. Hudson and Chivavibul and Ms. Tarbox were appointed to the board (joining Messrs. Hendrix and Fishman); committee assignments and indemnity agreements for directors/officers were put in place.
• Trust and timing: All IPO proceeds (except limited interest for taxes/winding up) are held in trust until the earlier of a completed business combination, redemptions if no deal within the 21‑month (or 24‑month in certain cases) time window, or earlier board‑approved liquidation.

Why It Matters

• This filing confirms Live Oak VI is now a funded SPAC with capital in trust to pursue an initial business combination; the trust protection preserves public investors’ cash pending a deal or redemption.
• Sponsor ownership of private warrants and public warrants could dilute shareholders if exercised; investors should watch the sponsor’s holdings and any proposed transaction terms.
• The company has a limited window (generally 21 months, potentially 24) to complete a business combination, and governance/indemnity arrangements and committee assignments are in place to support the SPAC’s operations and deal process.