Live Oak Acquisition VI’s (NASDAQ:LOVIU – Get Free Report) quiet period will expire on Monday, November 2nd. Live Oak Acquisition VI had issued 20,000,000 shares in its IPO on September 23rd. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Live Oak Acquisition VI to a “hold” rating in a report on Saturday, September 26th.
Check Out Our Latest Stock Analysis on Live Oak Acquisition VI
Live Oak Acquisition VI Stock Up 0.1%
LOVIU opened at $10.01 on Friday. Live Oak Acquisition VI has a 1 year low of $9.96 and a 1 year high of $10.48.
Live Oak Acquisition VI Company Profile
Live Oak Acquisition VI is a blank-check company, also known as a special purpose acquisition company (SPAC), organized to identify and complete a business combination with one or more private companies. Its potential transactions may include a merger, acquisition, stock purchase, reorganization, or similar corporate combination.
The company does not operate as a conventional business with its own portfolio of products or services. Instead, it raises capital through a public offering and holds those funds while management searches for a suitable target.
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