Live Oak Mobility Acquisition Corp. Announces Separate Trading of its Class A Common Shares and Warrants Effective April 22, 2021

MEMPHIS, Tenn., April 21, 2021 / PRNewswire / – Live Oak Mobility Acquisition Corp. (the “Company”) announced today that, beginning April 22, 2021, unitholders sold as part of the company’s initial public offering may elect to trade separately the Class A common shares of the company and the warrants included in the units. No split warrants will be issued upon separation of the units and only whole warrants will be traded. The Class A Common Shares and the Separate Warrants will trade on the New York Stock Exchange under the symbols “LOKM” and “LOKM WS”, respectively. Non-segregated units will continue to trade on the New York Stock Exchange under the symbol “LOKM.U”. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the transfer agent of the Company, in order to separate the units into Class A common shares and warrants.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor any sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful before. registration or qualification under the securities laws of any such state or jurisdiction.

About Live Oak Mobility Acquisition Corp.

Live Oak Mobility Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial goal of business combination in any business or industry, it intends to focus its research on companies in the mobility and motion technology sectors, which could include , but not limited to emerging technology companies, component / material suppliers, infrastructure providers and other mobility related services. The company is managed by the general manager, Richard J. Hendrix, Chief Financial Officer, President and Secretary, Gary K. Wunderlich, Jr., Chief Executive Officer, Adam J. Fishman and Chairman of the Board, Bob ferguson.

Forward-looking statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and the Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may “,” Could “,” plan “,” possible “,” potential “,” predict “,” plan “,” should “,” would “and similar expressions, with respect to the company or its management team, identify forward-looking statements. These forward-looking statements are based on the beliefs of management, as well as on the assumptions made by the management of the company and on information currently available. Actual results could differ materially from those contemplated in forward-looking statements due to certain factors detailed in documents filed by the Company with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to the Company or to persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement for the Company’s initial public offering filed. with the SEC. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company contact:

Gary K. Wunderlich, Jr.
Chief Financial Officer, President and Secretary
Live Oak Mobility Acquisition Corp.
(901) 685-2865
[email protected]

SOURCE Live Oak Mobility Acquisition Corp.

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