Live Oak Acquisition Corp.

Live Oak Acquisition Corp.

Live Oak Acquisition Corp. is a series of SPACs sponsored by Memphis-based Live Oak Merchant Partners. The first vehicle, Live Oak Acquisition Corp, raised $200M in May 2020 and merged with Danimer Scientific in December 2020 (per firm website). A second SPAC, Live Oak Acquisition Corp II, raised $253M in December 2020 and combined with Navitas Semiconductor in October 2021. The strategy targets companies with enterprise values between $500M and $2B. It seeks targets with above-average growth, strong free cash flow, and defensible market positions (per firm website). The firm has completed two business combinations and two capital returns: Live Oak Mobility Acquisition Corp returned capital in March 2023 after failing to find a partner; Live Oak Crestview Climate Acquisition Corp returned capital in December 2023. Asset-class mix includes direct equity in the merged entities. Named holdings include Danimer Scientific (biodegradable plastics) and Navitas Semiconductor (GaN power ICs). Geographic focus is North America. Live Oak Acquisition Corp. V priced a $230M IPO in March 2025, bringing total SPAC capital raised to over $1.1B across five vehicles. Team composition beyond sponsor and board is not publicly disclosed. The firm operates from Memphis with no additional offices listed. No philanthropic or adjacent vehicles are disclosed. Live Oak’s structural differentiator is its serial SPAC model: it repeatedly raises and deploys blank-check vehicles under the same brand, returning capital when no deal closes. This repeating cycle depends on sponsor ability to identify and close transactions, with two successes and two failures to date.