Live Oak Acquisition Corp. (LOAK.U), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, May 6th, under the symbol NYSE: LOAK.U.
Live Oak Acquisition Corp. will be focusing on companies in the financial services, industrial, business services, and real estate sectors, and will be led by Chairman, John P. Amboian, the former Chairman and Chief Executive Officer of Nuveen Investments. Mr. Amboian will be joined by Richard Hendrix, as CEO and Director, having recently served as Chief Executive Officer and Chairman of FBR & Co., which ultimately merged with B. Riley Financial, Inc. (NASDAQ: RILY) in 2017, to become B. Riley FBR.
Total SPAC deal count for 2020 year-to-date is now 21 with $6.436 billion in gross proceeds raised. The offering is anticipated to close on Friday, May 8, 2020.
Jefferies is acting as sole book-running manager for the offering. BMO Capital Markets and BTIG are acting as co-managers. Ellenoff Grossman & Schole LLP, and Winston & Strawn LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.
D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m. on December 19. As of now, DNZ has a completion deadline of January 28, 2023, but is hoping to seek shareholder approval to add an extra...
EDOC Acquisition Corp. (NASDAQ:ADOC) has entered into a definitive agreement to combine with food oil processing company Australian Oilseeds at an enterprise value of $190 million. Australian Oilseeds manufactures food-grade, edible oils through several subsidiaries. Transaction Overview EDOC has an estimated $21.3 million in its current trust after seeing about 77.5% redemptions in extension votes....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Buzzfeed cuts 12% of staff, and ASIG plans to expand through acquisition upon completion of SPAC BuzzFeed cuts 12% of staff citing worsening econ conditions Digital media company BuzzFeed (NASDAQ:BZFD) is cutting 12%...
What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours. Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity. To help bring this particular kind of transaction...
Golden Falcon (NYSE:GFX) has entered into a definitive agreement to combine with freight aviation company MNG Airlines at an enterprise value of $676 million, or 5.8x its LTM adjusted EBITDA. Istanbul-based MNG Airlines operates air freight services to four continents with a fleet of nine jets. The combined company is expected to trade on the...