Successful May 2020 IPO

 

  • $200,000,000

  • 20,000,000 units at $10 each

  • 24 months to complete business combination

warrant terms

 

  • 10,000,000 out-of-the money collared warrants

  • Exercise price per share at a 15% premium to IPO price ($11.50 per share)

  • Redeemable by issuer at $18.00 per share, once exercisable


“PIPE” PRIVATE INVESTMENT IN PUBLIC EQUITY

 

  • Live Oak principals have substantial experience and strong investor relationships to confidently raise incremental equity capital through a PIPE for the right business combination

  • A PIPE will reduce the dilutive effects of warrant overhang

CREDIT MARKET ACCESS

 

  • Live Oak principals have considerable experience in the leveraged loan and high-yield credit markets; this includes the expertise of Atalaya Capital Management, a 20% member of our sponsor team

  • Credit markets will be accessed to achieve the optimal capital structure for the business after our business combination

Cumulative capital to complete the right business combination for businesses with a minimum enterprise value of approximately $500 million