The units are listed on the Nasdaq Global Market

Davis Polk advised the sole underwriter in connection with the initial public offering of 23,000,000 units of Live Oak Acquisition Corp. V, for aggregate proceeds of $230 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, where each whole warrant entitles the holder to purchase one Class A ordinary share of Live Oak Acquisition Corp. V. The units are listed on the Nasdaq Global Market under the symbol “LOKVU.”

Live Oak Acquisition Corp. V, led by Live Oak Merchant Partners and its managing partners Richard Hendrix and Adam Fishman, is a special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination with one or more businesses. This is the fifth SPAC vehicle that the team has sponsored, with prior successful de-SPAC transactions that included Danimer Scientific and Navitas.

The Davis Polk capital markets team included partners Derek Dostal and Pedro J. Bermeo and associate Marquis J. Pullen. The tax team included counsel Liang Zhang and associate Alanna Phillips. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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