Live Oak Acquisition Corp. V
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Live Oak Acquisition Corp. V is a special purpose acquisition company (SPAC) formed to identify and merge with a target business. The company was created by Live Oak Sponsor Partners V, LLC to acquire one or more businesses through a merger, capital stock exchange, asset acquisition, or similar transaction. SPACs like LOKV raise capital through initial public offerings with the intention of using those proceeds to complete a business combination within a specified timeframe, typically 18-24 months. Until a merger is completed, the funds are held in a trust account.