Welcome to our dedicated page for Live Oak Crestview Climate Acquisition news (Ticker: LOCC), a resource for investors and traders seeking the latest updates and insights on Live Oak Crestview Climate Acquisition stock.
Live Oak Crestview Climate Acquisition Corp. (NYSE: LOCC) is a blank check company formed with the purpose of executing a strategic business combination. The company primarily aims to target businesses within the climate and sustainability sectors. This includes industries that support the Circular Economy, enhance the transition away from fossil fuels, promote food chain continuity, recycling, alternative sourcing, and work towards mitigating greenhouse gases and reducing plastic waste.
Currently, Live Oak Crestview Climate Acquisition Corp. is in the process of liquidating its outstanding shares of Class A common stock, a move that follows a notice of non-compliance from the New York Stock Exchange due to the delayed filing of its Quarterly Report on Form 10-Q for the quarter ending September 30, 2023. The liquidation will take place effective close of business on November 30, 2023, resulting in the subsequent delisting of its securities from the NYSE.
The company's focus on sustainability and innovative climate solutions positions it as a notable player in the transition to greener and more efficient practices. Despite the current liquidation process, Live Oak Crestview Climate Acquisition Corp. continues to assess and explore opportunities within its targeted sectors, aiming to bring substantial contributions to the sustainability and environmental sectors.
Forward-looking statements within the company's disclosures indicate a strong commitment to identifying and merging with businesses that align with its core objectives of ecological sustainability and resource efficiency.
Live Oak Crestview Climate Acquisition Corp. closed its IPO, raising $200 million by offering 20 million units at $10.00 each. The company focuses on merger opportunities in the climate and sustainability sectors, targeting solutions that promote the Circular Economy and reduce environmental impacts. The NYSE-listed units began trading under the symbol LOCC.U on September 23, 2021. Unit separation will yield Class A common stock and redeemable warrants, with the latter allowing share purchase at $11.50. Underwriters have a 45-day option for an additional 3 million units.
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