Live Oak Crestview Climate Acquisition, a blank check company formed by Live Oak Merchant Partners and Crestview, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by Chairman John Amboian, a senior advisor to Estancia Capital and an industry advisor to Madison Dearborn Partners, and CEO and Director Richard Hendrix, a co-founder and Managing Partner of Live Oak Merchant Partners and an operating executive at Crestview. The company plans to target the climate value chain, with a particular focus on opportunities aligned with energy transition and sustainability themes.
Live Oak Crestview Climate Acquisition plans to list on the NYSE under the symbol LOCC.U. Jefferies and BofA Securities acted as joint bookrunners on the deal.
