Live Oak Acquisition Corp. V: A $230 Million SPAC Success Story

Live Oak Acquisition Corp. V (LOKV) has successfully completed its initial public offering (IPO), raising $230 million by selling 23 million units at $10.00 per unit. The offering, which was priced at $10.00 per unit, resulted in gross proceeds of $230,000,000. The Company's units began trading on February 28, 2025, on the Nasdaq Global Market under the ticker symbol "LOKVU." Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or its liquidation. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LOKV” and “LOKVW,” respectively.

Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $231,150,000 (or $10.05 per unit sold in the offering) was placed in a trust account of the Company. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry. The Company’s management team is led by Richard Hendrix, its Chairman, Chief Executive Officer and the co-founder of Live Oak Merchant Partners (“Live Oak”), and Adam Fishman, its President, Chief Financial Officer, Director and a Managing Partner of Live Oak. The Board also includes Ashton Hudson, Jonathan Furer and Andrea Tarbox. Gary Wunderlich, Jr. will serve as a Senior Advisor. Santander acted as the sole underwriter for the offering.

The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Investor Contacts Live Oak Acquisition Corp. V 4921 William Arnold Road Memphis, Tennessee 38117 Attn: Adam Fishman E-mail: IR@liveoakmp.com



The successful completion of Live Oak Acquisition Corp. V's $230 million IPO is a significant milestone for the company and its investors. The offering provides the company with a substantial capital base for its future acquisition target, enhancing its ability to pursue larger and more attractive opportunities. The listing of the company's units on the Nasdaq Global Market under the ticker symbol "LOKVU" also increases the company's visibility and credibility in the market. The offering allows an additional 3,000,000 units to be purchased by the underwriter, suggesting strong initial demand for this offering. The management team, led by Richard Hendrix and Adam Fishman, brings extensive experience and expertise to the table, which could attract investor confidence regarding future business combinations. The company's focus on businesses with above-industry-average growth, substantial free cash flow generation, and a defensible market position aligns with its investment thesis and potential for generating attractive returns for shareholders.