Live Oak Mobility Acquisition priced its upsized IPO of 22 million units at $10 each. The new SPAC offered 2 million more units than anticipated.
The SPAC plans to pursue a business combination within the Mobility and Motion Technology sectors, “ranging from emerging to established solution providers that effectuate or support mobility and motion across a wide range of industries, including passenger and commercial transportation, warehouse and logistics, factory automation and other tech-enabled “smart” environments.”
Live Oak Mobility is led by Chairman Bob Ferguson, CEO and a founder of the Hawksbill Group, a global diversified business and communications consulting firm based in Washington, D.C.
The SPAC’s units trade on the NYSE under LOKM.U. Each consists of one share of Class A common stock and one-fifth of one warrant. Read more.
