Live Oak Files Third Amended Prospectus on $200M IPO

November 30, 2020

1 minute read

The SPAc intends to offer 20 million units at $10 each. The underwriters have a 45-day option to purchase up to an additional 3 million units to cover over-allotments, if any.

Live Oak said it will focus to focus on potential targets with above-industry-average growth, substantial free cash flow generation, and a defensible market position with an enterprise value of $500 million to $1.5 billion. Read more.

Feutune Light Files Prospectus to Issue 60M Shares for Thunder Power Deal

The deal also includes up to 20 million earnout shares that would vest in two tranches if the EV maker reaches certain financial thresholds over the next two years.

SPAC IPO

GP-Act III Acquisition Closes $287.5M IPO

“We will seek to leverage GP Investments’ platform, including access to its teams, deal prospects, and network, along with any necessary resources to aid the identification, diligence and operational support of a target for our initial business combination,” the SPAC said in the registration filing.

CC Neuberger Principal Holdings II Restates Financials for New Accounting on Warrants

In its review of the matter, the SPAC said because its warrants include a cash settlement feature that could arise in certain events, such as a tender or exchange offer accepted by more than 50 percent of shareholders, shifting warrants to the liabilities side of the balance sheet was the prudent move.

Feutune Light Acquisition Files Definitive Proxy on Thunder Power Deal

The prospectus calls for the issuance of 60 million shares to Thunder Power. Terms also include up to 20 million earnout shares that would vest in two tranches if certain financial thresholds are reached over the next two years.

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Live Oak Files Third Amended Prospectus on $200M IPO

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