LOKVU

Live Oak Acquisition Corp. V [LOKVU] represents units that consist of one share of common stock and a fraction of one redeemable warrant. These units were sold in the SPAC's initial public offering and typically trade together until the company announces a definitive business combination agreement. Unit holders receive both equity participation through the common stock and potential additional upside through the warrant component. After the company completes its business combination or separates the units, the common stock and warrants trade independently as derivative securities.