Live Oak Crestview Climate Acquisition today announced that its board has decided to redeem all outstanding shares of Class A stock and liquidate, effective Nov. 30.
The SPAC said it will be unable to close a deal by its January deadline.
The per-share redemption price will be approximately $10.44.
The SPAC anticipates that the public shares will cease trading at the close of business Nov. 29.
Live Oak Crestview raised $200 million in a September 2021 IPO. Read more.
