Teamshares Nasdaq ticker changing to TMS on June 23rd, replacing current LOKV ticker

Rhea-AI Summary

Teamshares (Nasdaq:TMS), a tech-enabled acquiror of SMEs, completed its business combination with Live Oak Acquisition Corp V (LOKV) on June 19, 2026.

Common stock and warrants are expected to begin trading on Nasdaq June 23, 2026 under new ticker symbols TMS and TMSWW, replacing LOKV and LOKVW. The entry into public markets was anchored by a $126.5 common equity PIPE led by accounts advised by T. Rowe Price Investment Management, with additional institutional and management participation.

Positive

• Completed business combination with Live Oak Acquisition Corp V on June 19, 2026
• Nasdaq listing of common stock and warrants under new tickers TMS and TMSWW
• $126.5 common equity PIPE anchored by T. Rowe Price–advised accounts
• Additional capital participation from other institutional investors and management
• PIPE funded following approval of the business combination by LOKV shareholders

Negative

• None.

Market Context

This announcement highlights Teamshares’ move from LOKV to TMS on Nasdaq and a $126.5 anchored PIPE....

Analysis

This announcement highlights Teamshares’ move from LOKV to TMS on Nasdaq and a $126.5 anchored PIPE. Investors may watch how the new listing trades and how post-combination integration of the business performs over time.

Key Figures

PIPE size: $126.5

1 metrics

PIPE size $126.5 Common equity PIPE led by T. Rowe Price Investment Management

Key Terms

pipe, warrants, business combination

3 terms

pipe financial

"who led a $126.5 common equity PIPE, with participation from other"

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.

warrants financial

"Shares of common stock and warrants of Teamshares Inc., the combined"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

business combination financial

"previously announced its completed business combination with Live Oak"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- Teamshares, a tech-enabled acquiror of SMEs, previously announced its completed business combination with Live Oak Acquisition Corp. V (NASDAQ: LOKV) on June 19, 2026.

Shares of common stock and warrants of Teamshares Inc., the combined company following the business combination, are expected to begin trading on Nasdaq on June 23, 2026 under the ticker symbols TMS and TMSWW. The combined company currently trades under the ticker symbols LOKV and LOKVW.

Teamshares’ entry into the public markets was anchored by accounts advised by T. Rowe Price Investment Management, who led a $126.5 common equity PIPE, with participation from other institutional investors and management. The PIPE funded following approval of the business combination by LOKV shareholders.

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) was 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. LOKV completed its business combination with Teamshares on June 18, 2026.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. No representations or warranties, express or implied are given in, or in respect of, this press release. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements also include, but are not limited to, statements regarding estimation of the listing. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Teamshares management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although Teamshares believes that it has a reasonable basis for each forward-looking statement contained in this press release, Teamshares cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of Teamshares as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, Teamshares does not undertake any duty to update these forward-looking statements.

Contacts
Investor Relations: Investors@teamshares.com
Press: Press@teamshares.com

Source: Teamshares Inc.

FAQ

When will Teamshares (NASDAQ:TMS) begin trading under its new ticker symbols on Nasdaq?

Teamshares common stock and warrants are expected to start trading on Nasdaq on June 23, 2026. According to Teamshares, the new ticker symbols will be TMS for common stock and TMSWW for warrants, replacing LOKV and LOKVW.

What happens to Live Oak Acquisition Corp V (LOKV) after the Teamshares business combination?

Live Oak Acquisition Corp V has combined with Teamshares to form a single public company. According to Teamshares, the combined company’s securities will transition from trading under LOKV and LOKVW to the new Nasdaq tickers TMS and TMSWW on June 23, 2026.

What are the new Nasdaq ticker symbols TMS and TMSWW for Teamshares stock and warrants?

TMS will be the Nasdaq ticker for Teamshares common stock and TMSWW for its warrants. According to Teamshares, these symbols will replace the current LOKV and LOKVW tickers when trading under the new names begins on June 23, 2026.

How large was the Teamshares (TMS) PIPE financing connected to its Nasdaq listing?

Teamshares’ entry into public markets was supported by a $126.5 common equity PIPE. According to Teamshares, the PIPE was led by accounts advised by T. Rowe Price Investment Management, with participation from other institutional investors and management, and funded after shareholder approval.

Who led the PIPE investment in Teamshares (NASDAQ:TMS) following the Live Oak business combination?

Accounts advised by T. Rowe Price Investment Management led the $126.5 common equity PIPE into Teamshares. According to Teamshares, additional institutional investors and company management also participated, and the PIPE closed after LOKV shareholders approved the business combination.

What does the Nasdaq listing and ticker change mean for existing LOKV shareholders after June 23, 2026?

Existing LOKV shareholders will hold securities of the combined company now called Teamshares. According to Teamshares, those securities are expected to trade on Nasdaq under the new symbols TMS for common stock and TMSWW for warrants starting June 23, 2026.