Live Oak Mobility Acquisition Corp.
LOKM-UN
New York Stock Exchange10.20
USD
- -
- -
CIK
0001841585
Return %
Stock
S&P500
1Y
-0.05
18.21
3Y
-0.93
63.29
5Y
-0.93
74.90
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
- CIK
- 0001841585
- Website
- liveoakacq.com
- Similar Companies
- Business
- Live Oak Mobility Acquisition Corp. (NYSE: LOKM-UN) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant current operations other than pursuing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the mobility and motion technology sectors. The company focuses on potential targets with unique technologies, defensible market positions in large addressable markets, high growth supported by strong secular tailwinds, and the potential to reach significant scale, typically in the $500 million to $2 billion enterprise value range. It was founded in 2021 and is headquartered in Memphis, Tennessee. In March 2021, the company completed an upsized initial public offering of approximately $253 million, consisting of units trading as LOKM-UN, each comprising one Class A ordinary share and one-half of a redeemable warrant, sponsored by Live Oak Merchant Partners in partnership with The Hawksbill Group, a Washington, D.C.-based consultancy specializing in global manufacturing, international operations, automotive, and diversified industrial sectors. In February 2023, Live Oak Mobility Acquisition Corp. entered into a non-binding term sheet to acquire One Americas Holdings LLC for approximately $130 million; however, this transaction did not proceed. Unable to complete an initial business combination by the required deadline, the company redeemed all outstanding Class A common stock shares effective March 20, 2023, at approximately $10.20 per share based on trust account funds, canceled its special stockholder meeting, withdrew related proxy proposals, and commenced winding down operations, with public shares ceasing trading on March 7, 2023, and warrants expiring worthless. Post-redemption, units (LOKM-UN) continue to trade on the NYSE with a recent market capitalization of approximately $322 million and a share price around $10.20, reflecting the structure of the original IPO units amid the liquidation process. The company maintains its focus on mobility and motion technology without specified subsidiaries, parent entities, or ongoing geographic operations beyond its U.S. headquarters. Leadership includes Chairman and CEO Rick Hendrix, co-founder and managing partner of sponsor Live Oak Merchant Partners.