Live Oak Crestview Climate Acquisition Corp. Announces Pricing of $200 Million IPO
Vinson & Elkins advised Live Oak Crestview Climate Acquisition Corp., (the “Company”), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, in connection with the closing of its initial public offering (“IPO”) of 20,000,000 units at a price of $10.00 per unit.
While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the climate and sustainability spaces which facilitate the Circular Economy, progress via the energy transition away from fossil fuels, enhance food chain continuity, recycling and alternative sourcing, as well as mitigate greenhouse gases and reduce plastic waste in the environment. The closing of the IPO occurred on September 27, 2021.
The V&E corporate team was led by partners Sarah Morgan and Scott Rubinsky, with assistance from senior associate Zach Swartz and associates Layton Suchma, Carmen Guidry and Libby Gerstner. Also advising were partners John Lynch and Jason McIntosh, senior associate Allyson Seger and associate Miron Klimkowski.
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