UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01 Other Events.
On September 27, 2021, Live Oak Crestview Climate Acquisition Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 20,000,000 units (the “Units”). Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share (“Class A Common Stock”), and one-third of one redeemable warrant of the Company (“Warrant”), with each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $200,000,000.
On September 27, 2021, simultaneously with the consummation of the IPO, the Company completed the private sale (the “Private Placement”) of 4,666,666 warrants (the “Private Placement Warrants”) at a purchase price of $1.50 per Private Placement Warrant, to the Company’s sponsor, LOCC Sponsor, LLC, generating gross proceeds to the Company of $7,000,000.
A total of $200,000,000, comprised of $196,400,000 of the proceeds from the IPO (which amount includes $6,300,000 of deferred underwriting commissions) and $3,600,000 of the proceeds from the sale of the Private Placement Warrants, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. An audited balance sheet as of September 27, 2021 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. The following exhibits are filed with this Current Report on Form 8-K: |
| Exhibit No. | Description of Exhibits | |
| 99.1 | Audited Balance Sheet, as of September 27, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIVE OAK CRESTVIEW CLIMATE ACQUISITION CORP. | ||||||
| Date: October 1, 2021 | By: | /s/ Gary K. Wunderlich, Jr. | ||||
| Name: | Gary K. Wunderlich, Jr. | |||||
| Title: | President, Chief Financial Officer and Secretary | |||||