Live Oak Mobility Acquisition Corp.
LOKM-WT
New York Stock Exchange0.00
USD
-0.16
- -
CIK
0001841585
Return %
Stock
S&P500
1Y
-98.29
18.21
3Y
-98.29
64.38
5Y
-98.29
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001841585
- Similar Companies
- Business
- Live Oak Mobility Acquisition Corp is a special purpose acquisition company (SPAC) focused on identifying and acquiring businesses in the mobility and motion technology sectors. The company was formed with the purpose of effecting mergers, asset acquisitions, stock purchases, or similar business combinations with private companies to facilitate their transition to public markets. It targets companies primarily in technology, component and material suppliers, infrastructure providers, and other mobility-related service providers. Live Oak Mobility Acquisition Corp is a blank check company and does not engage in any operational business or generate revenue independently. It is headquartered in the United States and was established with backing from Live Oak Merchant Partners, a firm with extensive experience in operating and investing across sectors. The company's core activity involves raising capital through IPOs to fund acquisitions in the mobility technology space. Its most notable recent operational event includes the return of all capital to shareholders in March 2023 after it failed to close a transaction within the targeted timeframe, signaling an unsuccessful acquisition attempt within its initial planned window. Prior to this, it had priced a $253 million IPO in March 2021 and had strategic partnerships with firms like Hawksbill Group to leverage expertise in manufacturing and international operations. In terms of recent major changes, Live Oak Mobility Acquisition Corp returned capital to shareholders and subsequently dissolved after failing to complete an acquisition. This represents a significant operational shift, effectively ending its initial purpose after a two-year pursuit in mobility sector mergers. Live Oak Merchant Partners continues to sponsor other SPACs that remain active in various sectors, such as environmental sustainability and high-growth industrial businesses, but Live Oak Mobility itself ceased operations as of early 2023. Live Oak Mobility Acquisition Corp’s strategic focus on mobility and motion technology was part of its broader investment thesis aligned with growing market opportunities in those sectors. Its attempts to combine with relevant businesses underscored its role as a financial vehicle rather than an operating company, targeting enterprises with high growth prospects and technological innovation within North America and potentially global markets. In summary, Live Oak Mobility Acquisition Corp is a US-based SPAC specializing in mobility-related technology mergers, founded under Live Oak Merchant Partners, headquartered in the United States, and primarily involved in capital raising and acquisition attempts. Its most recent major development is the return of shareholder capital and dissolution after failing to secure a business combination within the allotted timeframe in 2023.