Live Oak Mobility Acquisition Corp. Announces Redemption of Public Shares and Subsequent Dissolution

MEMPHIS, Tenn., March 3, 2023 /PRNewswire/ -- Live Oak Mobility Acquisition Corp. (NYSE: LOKM, LOKM.U, LOKM WS) ("LOKM" or the "Company") today announced that it will redeem all of its outstanding shares of Class A common stock sold as part of the units in the Company's initial public offering (whether they were purchased in the initial public offering or thereafter in the open market) (the "public shares"), effective as of the close of business on March 20, 2023, because the Company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation (the "Charter").