Live Oak Crestview Climate Acquisition Corp.
LOCC
New York Stock Exchange10.43
USD
+0.00
- -
CIK
0001848323
ISIN
US5380861097
CUSIP
538086109
Return %
Stock
S&P500
1Y
4.61
18.21
3Y
7.75
64.38
5Y
7.75
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Richard J. Hendrix
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 40 South Main Street Memphis TN United States of America 38103
- IPO Date
- Nov 15, 2021
- CIK
- 0001848323
- Website
- liveoakacq.com
- Similar Companies
- Business
- Live Oak Crestview Climate Acquisition Corp. (NYSE: LOCC) is a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company targets businesses in the climate and sustainability sectors, including those supporting the circular economy; enhancing the transition away from fossil fuels; promoting food chain continuity, recycling, and alternative sourcing; and mitigating greenhouse gases or reducing plastic waste. LOCC offers no operational products or services beyond its SPAC structure, which provides public market access to private companies in these targeted industries. Founded in 2021 and headquartered in Memphis, Tennessee, LOCC priced its $200 million initial public offering in September 2021, with units listed on the New York Stock Exchange under the ticker LOCC.U. The company was sponsored by Live Oak Merchant Partners in partnership with Crestview Partners, a private equity firm managing approximately $10 billion in aggregate capital commitments with expertise in climate and sustainability sectors. In a major operational change, LOCC returned all capital to shareholders and liquidated in December 2023 after failing to identify and complete a business combination with a suitable merger partner within its targeted timeframe. This followed a November 2023 NYSE notice of non-compliance due to a delayed Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, leading to delisting of its securities effective close of business on November 30, 2023. No subsequent acquisitions, partnerships, funding rounds, or new offerings have been announced post-liquidation.