Live Oak Acquisition Corp. V Reports $2.1 Million Net Income for Quarter Ending June 30, 2025

Live Oak Acquisition Corp. V has reported its financial results for the quarter ending June 30, 2025, revealing a net income of $2.1 million, primarily driven by interest income from marketable securities held in its Trust Account. This figure represents a significant turnaround from the net loss of $4.2 million recorded for the first half of 2025, which was largely attributed to operational costs totaling $7.4 million. The company’s general and administrative expenses for the quarter were $344,292, while the advisory fee recorded as a deferred expense amounted to $6.9 million.

The company’s financial position has markedly improved since the end of 2024, with total assets rising to $236.7 million as of June 30, 2025, compared to just $67,546 at the end of the previous fiscal year. This increase is primarily due to the successful completion of its Initial Public Offering (IPO) on March 3, 2025, which generated gross proceeds of $230 million from the sale of 23 million units, alongside an additional $4.5 million from the sale of Private Placement Warrants. The funds from the IPO have been placed in a Trust Account, which now holds $234.3 million in marketable securities.

Operationally, Live Oak Acquisition Corp. V has not yet commenced any business activities, as it is still in the process of identifying potential acquisition targets. The company has 23 million Class A ordinary shares and 5.75 million Class B ordinary shares outstanding. The Class A shares are subject to possible redemption at a value of $10.19 per share, reflecting the company’s commitment to providing liquidity to its shareholders. The company’s management has indicated that it intends to utilize the funds held outside the Trust Account for due diligence and operational expenses related to potential business combinations.

In terms of strategic developments, the company has not reported any acquisitions or significant organizational changes as of the reporting date. However, it has expressed its intention to pursue a business combination within the stipulated 21-month period following the IPO, with the possibility of extending this period if necessary. The management team remains focused on identifying suitable targets that align with the company’s strategic objectives.

Looking ahead, Live Oak Acquisition Corp. V acknowledges the challenges it may face in completing a business combination, including market conditions and regulatory requirements. The company has stated that it may need to raise additional funds to cover operational costs or to facilitate a business combination, depending on the level of shareholder redemptions. The management team remains optimistic about the potential for future growth and value creation as it navigates the acquisition landscape.