Live Oak Mobility Acquisition Corp. (LOKM.U) Prices Upsized $220M IPO

Live Oak Mobility Acquisition Corp. announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “LOKM.U,” today, March 2.

The new company aims to combine with a mobility technology company valued between $500 million and $1.5 billion with a compelling use of capital for growth. Live Oak Mobility is led by Chairman Bob Ferguson, CEO Richard J. Hendrix, COO Adam J. Fishman and President and CFO Gary K. Wunderlich.

Total SPAC deal count for 2021 year-to-date is now 205. This offering is expected to close on Thursday, March 4.

Jefferies LLC and BofA Securities, Inc. are acting as the book-running managers for the offering. Vinson & Elkins LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.