Live Oak Mobility Acquisition said it has coancelled a shareholders meeting on an extension proposal and intends to liquidate, instead.
The SPAC last week said it had signed a non-binding term sheet with auto parts manufacturer one Americas for a potential merger at an equity value of about $65 million.
The press release announcing the liquidation provides no further information on the One Americas term sheet or what has ocurred in the last week that prompted the SPAC to dissolve. Read more.
Source: Live Oak Mobility Acquisition Cancels Stockholder Meeting, will Dissolve