Live Oak Acquisition Corp. VI Completes $230M IPO and Funds Trust

What Happened

• Live Oak Acquisition Corp. VI announced it consummated its initial public offering on September 24, 2026. The company sold 23,000,000 units at $10.00 per unit (including a full 3,000,000-unit over-allotment), generating gross IPO proceeds of $230,000,000. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant; each whole warrant is exercisable to purchase one Class A share at $11.50.
• At the IPO closing the sponsor, Live Oak Sponsor VI, LLC, purchased 4,600,000 private placement warrants at $1.00 each, producing $4,600,000 in additional proceeds. A total of $230,000,000 in net proceeds (which reflects the underwriter’s deferred discount of $6,900,000) and the private placement proceeds were placed in a U.S.-based trust account. An audited balance sheet reflecting these closings was provided as an exhibit to the 8-K.

Key Details

• IPO date: September 24, 2026; Units sold: 23,000,000 (3,000,000 from over-allotment).
• IPO price: $10.00 per Unit; gross IPO proceeds: $230,000,000.
• Private Placement: 4,600,000 warrants sold to sponsor at $1.00 each = $4,600,000.
• Amount placed in trust: $230,000,000; underwriter deferred discount included: $6,900,000.

Why It Matters

• The company now holds IPO proceeds in a trust account, which is the capital typically used by a blank‑check (SPAC) company to pursue a business combination. That trust funding is a key milestone enabling the company to move forward with identifying and negotiating a target transaction.
• The unit and warrant structure (including sponsor private placement warrants and the $11.50 exercise price) are important for investors because they affect potential future dilution and the economics of any business combination. The audited balance sheet provides a verified snapshot of the company’s cash and trust funding following the offering.