LOKM Live Oak Mobility Acquisition
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 4, 2021
Live Oak Mobility Acquisition Corp.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction of|
incorporation or organization)
4921 William Arnold Road
Memphis, TN 38117
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (901) 685-2865
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange
|Units, each consisting of one share of Class A Common Stock and one-fifth of one Redeemable Warrant||LOKM.U||The New York Stock Exchange|
|Class A Common Stock, par value $0.0001 per share||LOKM||The New York Stock Exchange|
|Warrants, each exercisable for one share Class A Common Stock for $11.50 per share||LOKM WS||The New York Stock Exchange|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
Item 8.01 Other Events.
On March 4, 2021, Live Oak Mobility Acquisition Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 25,300,000 units (the “Units”). Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share (“Class A Common Stock”), and one-fifth of one redeemable warrant of the Company (“Warrant”), with each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $253,000,000.
On March 4, 2021, simultaneously with the consummation of the IPO, the Company completed the private sale (the “Private Placement”) of 5,000,000 warrants (the “Private Placement Warrants”) at a purchase price of $1.50 per Private Placement Warrant, to the Company’s sponsor, Live Oak Mobility Sponsor Partners, LLC, generating gross proceeds to the Company of $7,500,000.
A total of $253,000,000, comprised of $248,435,000 of the proceeds from the IPO (which amount includes $7,988,750 of deferred underwriting commissions) and $4,565,000 of the proceeds of the sale from the Private Placement Warrants, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. An audited balance sheet as of March 4, 2021 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
Description of Exhibits
|99.1||Audited Balance Sheet, as of March 4, 2021.|
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|LIVE OAK MOBILITY ACQUISITION CORP.|
|Date: March 10, 2021||By:|
/s/ Gary K. Wunderlich, Jr.
|Name:||Gary K. Wunderlich, Jr.|
|Title:||Chief Financial Officer, President and Secretary|