Wed, May 14, 10:02 AM (33 days ago)
**Live Oak Acquisition Corp. V (LOKVU) Q1 2025 Financial Summary** **Company Overview:** Live Oak Acquisition Corp. V (LOKVU) is a Cayman Islands-based SPAC incorporated on November 27, 2024, aiming to complete a business combination within 21 months. The company went public on March 3, 2025, raising $230 million from the sale of 23 million units at $10 each, including the over-allotment option. Additionally, it sold 4.5 million private placement warrants for $4.5 million. **Financial Performance (Q1 2025):** - **Revenue:** $0 (no operational revenue generated) - **Net Loss:** $6.3 million (operating costs of $7.02 million offset by $717,933 interest income from the trust account) - **Cash Flow:** Negative $363,879 from operating activities, primarily due to general and administrative expenses - **Cash Position:** $2.25 million in cash and cash equivalents, with $231.87 million in marketable securities held in the trust account **Key Metrics:** - **Gross Proceeds:** $234.65 million (including private placement warrants) - **Trust Account:** $231.87 million (invested in U.S. government securities and money market funds) - **Operating Expenses:** $7.02 million (general and administrative costs) - **Interest Income:** $717,933 (from trust account investments) **Future Operations and Uncertainties:** - **Business Combination:** LOKVU aims to complete a business combination within 21 months. The success of this endeavor is subject to market conditions, regulatory environment, and the ability to identify a suitable target. - **Liquidity:** The company has sufficient funds to cover operational expenses and pursue acquisition targets. However, additional financing may be required if the costs of identifying and acquiring a target exceed current estimates. - **Risks:** The company faces risks related to economic uncertainty, geopolitical instability, and changes in trade policies, which could impact the search for a target and the post-combination company's performance. **Ticker:** LOKVU **Conclusion:** Live Oak Acquisition Corp. V reported a net loss of $6.3 million for Q1 2025, primarily due to operational expenses. The company has a strong cash position, with $231.87 million in the trust account, and is focused on completing a business combination within the specified timeframe. However, the success of this endeavor is subject to various risks and uncertainties.