Teamshares (TMS) closed a $225 million preferred equity investment from accounts advised by T. Rowe Price Investment Management.
The newly designated Series A shares are perpetual, non-voting and non-convertible. The funded amount is net of a 1% original issue discount. Teamshares primarily intends to use the proceeds for acquisitions. Its agreements also permit the issuance of up to $75 million more of the same series to other institutional investors.
The annual cash dividend is 16.0%, falling to 14.5% if specified deleveraging and EBITDA thresholds are met. Teamshares may instead elect to pay the dividend in kind at a premium. The preferred shares rank above common stock and below debt.
Teamshares plans to combine the capital with senior acquisition debt and seller notes. The company expects the investment to support its capital position while it pursues refinancing of existing debt and additional acquisition financing.
Teamshares (TMS) announced that CEO Michael Brown and CFO Brian Gaebe will present at two upcoming virtual small-cap investor conferences in September 2026.
They will participate in the Northcoast Research Virtual Small Cap Management Forum on September 9, 2026, and the Sidoti Virtual Small Cap Conference on September 23, 2026, with a presentation at approximately 2:30 p.m. ET and availability for one-on-one and small group investor meetings at both events.
Teamshares (NASDAQ:TMS) reported 2Q 2026 revenue of $148.7 million, up 20% year-over-year, with net income of $9.5 million, reversing a prior-year loss, and Adjusted EBITDA of $9.6 million (up 166%). Pro Forma Adjusted EBITDA was $9.8 million and LTM Pro Forma Adjusted EBITDA reached $21.2 million.
SME segment revenue grew 20% and SME segment EBITDA rose 47%, largely from acquisitions, with modest organic growth. The June 23 Nasdaq listing and related Business Combination and PIPE yielded $132.4 million in gross proceeds; Teamshares repaid $54.5 million of debt around and after quarter-end, ending the first half with $125.6 million in cash, cash equivalents and restricted cash. The company reaffirmed its 2026 outlook for $60 million Pro Forma Adjusted EBITDA, including $40 million from acquisitions, and reported approximately $30 million of annual SME EBITDA under non-binding LOIs toward that target.
Teamshares (NASDAQ:TMS) announced it will release its second quarter 2026 financial results before market open on Friday, August 14, 2026. Management will host a conference call and live webcast at 8:30 a.m. ET the same day, accessible via the company’s investor relations website and a registration link for dial-in details.
Teamshares (NASDAQ:TMS)/b) announced that CFO Brian Gaebe and Head of Capital Markets Nile Corso will present at the in White Plains, New York, on July 9, 2026 at approximately 2:00 p.m. ET.
They will also be available for one-on-one and small group investor meetings during the conference.
Teamshares (Nasdaq:TMS), a tech-enabled acquiror of small and medium businesses from retiring owners, began trading publicly on Nasdaq on June 23, 2026.
The holding company has grown to 93 businesses since 2020, uses software to source 75,000 for-sale businesses per year, and has a $126.5M equity investment anchored by T Rowe Price Investment Management.
Teamshares (NASDAQ:TMS) will participate in the virtual Northland Growth Conference on June 23, 2026. The company also expects its common stock ticker to change from LOKV to TMS that day, with management available for one-on-one investor meetings.
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.
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.
Teamshares (Nasdaq: TMS) announced that shareholders of Live Oak Acquisition Corp V approved the proposed business combination at an extraordinary general meeting. The transaction is expected to close in the coming week, subject to customary conditions, after which the combined company will be named Teamshares Inc.
Upon closing, Live Oak shareholders will hold shares and/or warrants in Teamshares Inc., expected to trade on Nasdaq under ticker symbols TMS for common stock and TMSWW for warrants.