10-Q Filing

Live Oak Acquisition Corp. V CIK: 2048951 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0001213900-25-042822`
Period End Date	20250331
Filing Date	20250514
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	ea0241028-10q_liveoak5_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 12 Cash Flow Statement 48 Stockholders Equity 18

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.25M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$183.07K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$183.07K	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.50K	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	$59.04K	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	$59.04K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$2.43M	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$2.43M	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$67.55K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$67.55K	USD	Point-in-time
Long-term prepaid insurance	`PrepaidExpenseNoncurrent`	-	USD	Point-in-time
Long-term prepaid insurance	`PrepaidExpenseNoncurrent`	-	USD	Point-in-time
Long-term prepaid insurance	`PrepaidExpenseNoncurrent`	$77.92K	USD	Point-in-time
Long-term prepaid insurance	`PrepaidExpenseNoncurrent`	$77.92K	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$231.87M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$231.87M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$67.55K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$67.55K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$234.38M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$234.38M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.75K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.75K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.00K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	-	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	-	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$82.11K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$82.11K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$98.11K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$98.11K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$61.12K	USD	Point-in-time
Total Current liabilities	`LiabilitiesCurrent`	$61.12K	USD	Point-in-time
Deferred Advisory fee	`AdvisoryFee`	$6.90M	USD	Point-in-time
Deferred Advisory fee	`AdvisoryFee`	$6.90M	USD	Point-in-time
Deferred Advisory fee	`AdvisoryFee`	-	USD	Point-in-time
Deferred Advisory fee	`AdvisoryFee`	-	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$6.90M	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$6.90M	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	-	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$61.12K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$61.12K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.90M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.90M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 23,000,000 and no shares at redemption value of $10.08 and $0 per share as of March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 23,000,000 and no shares at redemption value of $10.08 and $0 per share as of March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 23,000,000 and no shares at redemption value of $10.08 and $0 per share as of March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$231.87M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 23,000,000 and no shares at redemption value of $10.08 and $0 per share as of March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$231.87M	USD	Point-in-time
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.43K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.43K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.57K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.57K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.39M	USD	Point-in-time
TOTAL SHAREHOLDERS DEFICIT	`StockholdersEquity`	$-11.39M	USD	Point-in-time
TOTAL SHAREHOLDERS DEFICIT	`StockholdersEquity`	$-11.39M	USD	Point-in-time
TOTAL SHAREHOLDERS DEFICIT	`StockholdersEquity`	$6.43K	USD	Point-in-time
TOTAL SHAREHOLDERS DEFICIT	`StockholdersEquity`	$6.43K	USD	Point-in-time
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$234.38M	USD	Point-in-time
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$234.38M	USD	Point-in-time
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$67.55K	USD	Point-in-time
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$67.55K	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`GeneralAndAdministrativeExpense`	$121.70K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$121.70K	USD	1 Quarter
Advisory fee	`ProfessionalFees`	$6.90M	USD	1 Quarter
Advisory fee	`ProfessionalFees`	$6.90M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.02M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.02M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$717.93K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$717.93K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$717.93K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$717.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.30M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.30M	USD	1 Quarter
Payment of expenses through promissory note related party	`PaymentOfExpensesThroughPromissoryNoteRelatedParty`	$2.25K	USD	1 Quarter
Payment of expenses through promissory note related party	`PaymentOfExpensesThroughPromissoryNoteRelatedParty`	$2.25K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestAndDividendIncomeSecuritiesHeldToMaturity`	$717.93K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestAndDividendIncomeSecuritiesHeldToMaturity`	$717.93K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$179.77K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$179.77K	USD	1 Quarter
Long-term prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$77.92K	USD	1 Quarter
Long-term prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$77.92K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.25K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.25K	USD	1 Quarter
Advisory fee payable	`IncreaseDecreaseInIncentiveFeePayable`	$6.90M	USD	1 Quarter
Advisory fee payable	`IncreaseDecreaseInIncentiveFeePayable`	$6.90M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-363.88K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-363.88K	USD	1 Quarter
Investment of cash into Trust Account	`PaymentsToAcquireInvestments`	$231.15M	USD	1 Quarter
Investment of cash into Trust Account	`PaymentsToAcquireInvestments`	$231.15M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-231.15M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-231.15M	USD	1 Quarter
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$229.75M	USD	1 Quarter
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$229.75M	USD	1 Quarter
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$4.50M	USD	1 Quarter
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$4.50M	USD	1 Quarter
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$176.57K	USD	1 Quarter
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$176.57K	USD	1 Quarter
Payment of offering costs	`PaymentsOfFinancingCosts`	$310.84K	USD	1 Quarter
Payment of offering costs	`PaymentsOfFinancingCosts`	$310.84K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$233.76M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$233.76M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.25M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.25M	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Offering costs included in accrued offering costs	`NoninterestExpenseOfferingCost`	$82.11K	USD	1 Quarter
Offering costs included in accrued offering costs	`NoninterestExpenseOfferingCost`	$82.11K	USD	1 Quarter
Deferred offering costs paid through promissory note related party	`DeferredOfferingCostsPaidThroughPromissoryNoteRelatedParty`	$115.95K	USD	1 Quarter
Deferred offering costs paid through promissory note related party	`DeferredOfferingCostsPaidThroughPromissoryNoteRelatedParty`	$115.95K	USD	1 Quarter
Deferred offering costs applied to prepaid expense	`DeferredOfferingCostsAppliedToPrepaidExpense`	$5.21K	USD	1 Quarter
Deferred offering costs applied to prepaid expense	`DeferredOfferingCostsAppliedToPrepaidExpense`	$5.21K	USD	1 Quarter
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$6.90M	USD	1 Quarter
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$6.90M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-11.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.43K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.43K	USD	Point-in-time
Accretion for Class A ordinary shares to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$11.69M	USD	1 Quarter
Accretion for Class A ordinary shares to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$11.69M	USD	1 Quarter
Sale of Private Placement Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$4.50M	USD	1 Quarter
Sale of Private Placement Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$4.50M	USD	1 Quarter
Fair Value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$2.19M	USD	1 Quarter
Fair Value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$2.19M	USD	1 Quarter
Allocated value of transaction costs to Class A ordinary shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$84.26K	USD	1 Quarter
Allocated value of transaction costs to Class A ordinary shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$84.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.30M	USD	1 Quarter
Balance	`StockholdersEquity`	$-11.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.43K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.43K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.