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.
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