Live Oak Acquisition VI, a blank check company formed by merchant banking firm Live Oak Merchant Partners, has filed with the SEC to raise up to $200 million in an initial public offering. The transaction would add another Live Oak-backed special purpose acquisition company to the public markets as the firm continues to pursue businesses with established market positions and mid-market valuations.
The Memphis, Tennessee-based company was founded in 2026 and plans to list on the Nasdaq under the symbol LOVIU.
IPO Structure
Live Oak Acquisition VI plans to raise $200 million through the sale of 20 million units priced at $10 each. Each unit will consist of one share of common stock and one-half of one warrant.
The warrants will be exercisable at $11.50 per share, providing investors with additional exposure to the eventual business combination target.
The company filed confidentially with the SEC on March 16, 2026. Santander is serving as the sole bookrunner for the offering.
No additional pricing terms beyond the proposed $10 unit price and $200 million offering size were disclosed in the filing information provided.
Target Investment Strategy
Live Oak Acquisition VI intends to identify businesses with defensible market positions and enterprise values between $500 million and $2 billion.
The strategy places the SPAC in the middle-market segment, with the sponsor seeking a company that can potentially benefit from the capital markets access and strategic resources associated with a public listing.
Unlike a traditional operating company IPO, Live Oak Acquisition VI does not yet have an identified operating business. Its investment profile will therefore depend substantially on the target company eventually selected and the terms of the proposed business combination.
Live Oak’s Previous SPAC Experience
The new vehicle is backed by executives with previous experience sponsoring special purpose acquisition companies.
Richard Hendrix, Live Oak’s founder and managing partner, serves as CEO and chairman. He is joined by Adam Fishman, a managing partner at Live Oak, who serves as CFO and director.
Live Oak’s previous transactions include several combinations across different industries.
Live Oak Acquisition completed its combination with bioplastics manufacturer Danimer Scientific in 2020. Live Oak Acquisition II completed its combination with semiconductor developer Navitas Semiconductor in 2021.
More recently, Live Oak Acquisition V merged with SME acquirer and operator Teamshares in June 2026.
These transactions provide the management team with a history of pursuing operating businesses through the SPAC structure, although the eventual outcome of Live Oak Acquisition VI will depend on the company it ultimately selects.
Market Outlook
The filing comes as the SPAC market continues to provide an alternative route for private companies seeking access to public capital markets.
For Live Oak Acquisition VI, the stated target range of $500 million to $2 billion in enterprise value gives management a relatively broad pool of potential businesses while maintaining a focus on established companies rather than early-stage ventures.
The $200 million IPO would provide the SPAC with capital to pursue a transaction, while the proposed warrant structure offers investors additional participation if a combination is completed and the resulting company performs well.
The key development ahead will be the identification of a suitable acquisition target and the terms of any eventual business combination.
Live Oak Acquisition VI plans to trade on Nasdaq under LOVIU, with Santander serving as sole bookrunner.
