Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

Live Oak Mobility Acquisition Corp.

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

538126103

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☐

Rule 13d-1(b)

 

☐

Rule 13d-1(c)

 

☒

Rule 13d-1(d)

 

*	The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 538126103

 

1		Name of Reporting Person     Live Oak Mobility Sponsor Partners, LLC
2		Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☐
3		SEC Use Only
4		Citizenship or Place of Organization     Delaware

Number of Shares  Beneficially  Owned by Each Reporting Person With:				5		Sole Voting Power      6,325,000
				6		Shared Voting Power     0
				7		Sole Dispositive Power      6,325,000
				8		Shared Dispositive Power     0

9		Aggregate Amount Beneficially Owned by Each Reporting Person      6,325,000
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☒     See footnote (1) below.
11		Percent of Class Represented by Amount in Row (9)      20%(1)(2)
12		Type of Reporting Person (See Instructions)     OO

 

(1)	Excludes 5,000,000 shares which may be purchased by exercising warrants that are not presently exercisable.

(2)

Based on 25,300,000 shares of Class A common stock issued and outstanding as of November 15, 2021, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021 and assuming the conversion of all of the shares of Class B common stock held by Live Oak Mobility Sponsor Partners, LLC.

 

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Item 1(a).

Name of Issuer

Live Oak Mobility Acquisition Corp. (the Issuer)

 

Item 1(b).

Address of the Issuers Principal Executive Offices

40 S. Main Street, #2550

Memphis, TN 38103

 

Item 2(a).

Name of Person Filing

Live Oak Mobility Sponsor Partners, LLC (the Reporting Person)

 

Item 2(b).

Address of the Principal Business Office, or if none, Residence:

40 S. Main Street, #2550

Memphis, TN 38103

 

Item 2(c).

Citizenship

Live Oak Mobility Sponsor Partners, LLC is a limited liability company formed in Delaware.

 

Item 2(d).

Title of Class of Securities

Class A common stock, $0.0001 par value per share.

The shares of Class A common stock are the class of common stock of the Issuer registered pursuant to the Act. The Reporting Person owns shares of Class B common stock. The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuers initial business combination (the Business Combination) on a one-for-one basis, subject to certain adjustments. In the event that additional shares of Class A common stock, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the Issuers initial public offering (the IPO) and related to the closing of the Business Combination, the ratio at which the shares of Class B common stock shall convert into shares of Class A common stock will be adjusted (unless the holders of a majority of the outstanding shares of Class B common stock agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of all shares of Class B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common stock outstanding upon completion of the IPO plus all shares of Class A common stock and equity-linked securities issued or deemed issued in connection with the Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the Business Combination, any private placement-equivalent warrants issued to Live Oak Mobility Sponsor Partners, LLC or its affiliates upon conversion of loans made to the Issuer).

 

Item 2(e).

CUSIP Number

538126103

 

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

		☐		(a) Broker or Dealer registered under Section 15 of the Exchange Act.
		☐		(b) Bank as defined in Section 3(a)(b) or the Exchange Act.
		☐		(c) Insurance company as defined in Section 3(a)(19) of the Exchange Act.
		☐		(d) Investment company registered under Section 8 of the Investment Company Act.

 

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		☐		(e) An Investment adviser in accordance with Rule 13d-1 (b)(1)(ii)(E).
		☐		(f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
		☐		(g) A Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
		☐		(h) A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act.
		☐		(i) A Church Plan that is excluded from the definition of an investment company under Section 3 (c)(14) of the Investment Company Act.
		☐		(j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J).
		☐		(k) Group, in accordance with Rule 13d-1 (b)(1)(ii)(j).

Not applicable

 

Item 4.

Ownership

The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference.

As of February 14, 2022, the Reporting Person is the record holder of 6,325,000 of the Issuers shares of Class B common stock, representing 20% of the total shares of Class A common stock issued and outstanding and assuming the conversion of all the shares of Class B common stock of the Reporting Person. The shares of Class B common stock are automatically convertible into shares of the Issuers Class A common stock at the time of the Issuers initial business combination on a one-for-one basis, subject to adjustment, as more fully described under the heading Description of Securities-Founder Shares in the Issuers registration statement on Form S-1 (File No. 333-252453).

The percentage of the shares of Class B common stock held by the Reporting Person is based on 25,300,000 shares of Class A common stock issued and outstanding as of November 15, 2021, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021 and assuming the conversion of all of the shares of Class B common stock held by the Reporting Person.

 

Item 5.

Ownership of Five Percent or Less of a Class

Not Applicable

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable

 

Item 9.

Notice of Dissolution of Group

Not Applicable

 

Item 10.

Certification

Not Applicable

 

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DATE: February 14, 2022

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations

(See 18 U.S.C. 1001)

 

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