Live Oak Crestview Climate Acquisition priced its IPO of 20 million units at $10 each.
The SPAC intends to focus its search on companies in the climate and sustainability spaces which facilitate the Circular Economy, progress via the energy transition away from fossil fuels, enhance food chain continuity, recycling and alternative sourcing, as well as mitigate greenhouse gases and reduce plastic waste in the environment.
Units begin trading today on the NYSE under LOCC.U. Each consists of one share and one-third of one redeemable warrant. Once the securities begin separate trading, shares and warrants are expected to list under LOCC and LOCC WS.
The offering is expected to close Sept. 27.
Jefferies and BofA Securities are book-running managers for the offering. The underwriters have an over-alltoment option to purchase up to an additional 3 million units. Read more.
