Teamshares (TMS), a tech-enabled acquiror of SMEs, completed its previously announced business combination with Live Oak Acquisition Corp. V (NASDAQ: LOKV) after shareholder approval on June 16, 2026.
Teamshares also received $126.5 million in additional capital through a concurrent common stock PIPE from institutional investors and certain management members, with multiple legal and financial advisors supporting the transaction.
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Positive
Business combination with Live Oak Acquisition Corp. V completed following shareholder approval
$126.5 million additional capital raised via concurrent common stock PIPE
Participation in PIPE from institutional investors and certain Teamshares management
Multiple legal and financial advisors engaged to support transaction and PIPE
Negative
None.
Market Context
This announcement confirms completion of the SPAC business combination and a PIPE raising $126.5 mil...
Analysis
This announcement confirms completion of the SPAC business combination and a PIPE raising $126.5 million, strengthening the balance sheet. Investors may watch how new capital is deployed and how integration of the public structure progresses.
Key Figures
PIPE capital raise:$126.5 millionShareholder approval date:June 16, 2026
2 metrics
PIPE capital raise$126.5 millionconcurrent common stock PIPE closed with Business Combination
Shareholder approval dateJune 16, 2026extraordinary general meeting approving the Business Combination
Key Terms
pipe, business combination, placement agent, capital markets advisor
4 terms
pipefinancial
"additional capital raised in a concurrent, common stock PIPE with certain"
A PIPE (private investment in public equity) is a deal in which institutional or accredited investors buy shares or convertible securities directly from a publicly traded company, usually at a discount to the market price. Companies use PIPEs to raise money faster than through a traditional public offering; for existing shareholders they matter because the newly issued shares add to the share count and can dilute ownership.
business combinationfinancial
"announced the completion of its previously announced business combination (the"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
placement agentfinancial
"as well as the placement agent on the PIPE. Compass Point, Northland"
A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.
capital markets advisorfinancial
"Santander US Capital Markets LLC served as financial advisor and capital markets advisor to Teamshares"
A capital markets advisor is a professional or firm that helps companies plan and carry out transactions to raise money from investors, such as selling stocks or bonds, and guides on timing, pricing and regulatory steps. For investors, their role matters because the advisor’s choices influence how much capital a company raises, how much ownership is diluted, and how the market reacts—like a navigator whose skill can reduce cost and risk for both companies and investors.
NEW YORK, June 19, 2026 (GLOBE NEWSWIRE) -- Teamshares Inc. (the “Company”), a tech-enabled acquiror of SMEs, today announced the completion of its previously announced business combination (the “Business Combination”) with Live Oak Acquisition Corp. V (NASDAQ: LOKV) (“Live Oak”), following approval by Live Oak shareholders at an extraordinary general meeting on June 16, 2026.
In connection with closing of the Business Combination, Teamshares received $126.5 million additional capital raised in a concurrent, common stock PIPE with certain institutional investors as well as certain members of Teamshares management (the “PIPE”), which has been funded following approval by Live Oak shareholders of the Business Combination.
In connection with the Business Combination, Ellenoff Grossman & Schole LLP served as U.S. legal counsel to Live Oak and Latham & Watkins LLP served as legal counsel to Teamshares. Ogier served as special Cayman Islands counsel to Live Oak.
Santander US Capital Markets LLC served as financial advisor and capital markets advisor to Teamshares, as well as the placement agent on the PIPE. Compass Point, Northland and Roth also served as capital markets advisors.
About Teamshares Teamshares is a tech-enabled acquiror of SMEs, intending to be a permanent home when owners retire. Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps employees earn company stock. Founded in 2019, Teamshares operates subsidiaries with consolidated revenue of $490 million across over 40 industries and 30 states. Learn more at https://www.teamshares.com/investors.
About Live Oak Acquisition Corp. V Live Oak Acquisition Corp. V (NASDAQ: LOKV) is the fifth SPAC sponsored by Live Oak Merchant Partners, an experienced team of operators and investors with a track record of successful public-market combinations.
What did Teamshares (TMS) announce on June 19, 2026?
Teamshares announced completion of its business combination with Live Oak Acquisition Corp. V. According to Teamshares, the deal followed Live Oak shareholder approval on June 16, 2026, and included additional capital raised through a concurrent common stock PIPE financing.
How much capital did Teamshares (TMS) raise in the PIPE tied to the Live Oak deal?
Teamshares raised $126.5 million in additional capital through a concurrent common stock PIPE. According to Teamshares, the PIPE was funded by certain institutional investors and members of Teamshares management after Live Oak shareholders approved the business combination.
When did Live Oak shareholders approve the Teamshares (TMS) business combination?
Live Oak shareholders approved the business combination with Teamshares on June 16, 2026. According to Teamshares, this shareholder approval enabled the closing of the transaction and the funding of the concurrent $126.5 million common stock PIPE financing.
Who advised Teamshares (TMS) and Live Oak on the completed business combination?
Several firms advised on the transaction. According to Teamshares, Ellenoff Grossman & Schole advised Live Oak on U.S. law, Latham & Watkins advised Teamshares, Ogier advised on Cayman law, and Santander US Capital Markets, Compass Point, Northland, and Roth acted as financial and capital markets advisors.
What role did Santander US Capital Markets play in the Teamshares (TMS) PIPE financing?
Santander US Capital Markets acted as financial and capital markets advisor and placement agent on the PIPE. According to Teamshares, Santander supported the $126.5 million concurrent common stock PIPE raised from institutional investors and certain members of Teamshares management.
What does the completed Live Oak business combination mean for Teamshares (TMS)?
The completed business combination means Teamshares has closed its transaction with Live Oak Acquisition Corp. V. According to Teamshares, the closing coincided with Live Oak shareholder approval and the receipt of $126.5 million in new PIPE capital from investors and management.
