Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Unregistered Sales of Equity Securities
Other than as disclosed in the Company’s Current Report on Form 8-K filed on June 25, 2026, the Company has not sold equity securities in a transaction that is not registered under the Securities Act during the fiscal quarter ended June 30, 2026.
Use of Proceeds
On March 3, 2025, Live Oak Acquisition Corp. V consummated an initial public offering (the “IPO”) of 23,000,000 units, including the exercise in full by the underwriters of an option purchase up to 3,000,000 units at the offering price to
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cover over-allotments, each unit consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A ordinary share upon the consummation of an initial business combination (the “Units”). The Units sold in the IPO were sold at an offering price of $10.00 per Unit, generating gross proceeds of $230,000,000. Santander US Capital Markets LLC acted as underwriter of the IPO. The securities in the offering were registered under the Securities Act on a registration statement on Form S-1 (File No. 333-284207). The SEC declared the registration statement effective on February 27, 2025.
Issuer Purchases of Equity Securities
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.